Malaysia legislation

Section 6

of FINANCE (NO. 2) ACT 2023

Section 6

Amendment of section 4b

The principal Act is amended by substituting for section 4b the following section:

“Non-business income 4b.  For the purposes of section 4, gains or profit from a business shall not include—

(a)

any interest that first becomes receivable by a person in the basis period for a year of assessment other than interest where subsection 24(5) applies; and

(b)

gains or profits from the disposal of capital asset other than gains or profits where subsection 24(1)

applies.”.

Amendment of section 6