Malaysia legislation
Section 41
Section 41
The principal Act is amended by inserting after section 15 the following section:
“Deemed assessment on the amended return 15a. (1) Where a person has furnished an amended return in accordance with section 13a for a year of assessment, the
Director General shall be deemed to have made, on the day on which the amended return is furnished, an assessment or additional assessment in respect of that person—
(a)
in the amount of tax or additional tax payable on the chargeable gains; or
Finance (No. 2)
(b)
in the amount of tax which has been or would have been wrongly repaid, the tax or additional tax and the chargeable gains being respective amounts as specified in the amended return.
(2)
For the purposes of this Act, where the Director
General is deemed to have made an assessment or additional assessment under subsection (1)—
(a)
the amended return referred to in that subsection shall be deemed to be a notice of assessment or additional assessment; and
(b)
the deemed notice of assessment or additional assessment shall be deemed to have been served on the person on the day on which the Director
General is deemed to have made the assessment or additional assessment.”.
New section 16a