Section 33
Schedule 6 to the principal Act is amended—
ActIn forceProvision 116 of 223
Section 33
(a)
in subsubparagraph 13(1)(a), by substituting for the words
“so long as the approval remains in force” the words
“in the basis period for a year of assessment so long as the institution, organization or fund complies with the conditions of the approval in that basis period for that year of assessment”; and
Act 851
(b)
by inserting after paragraph 37 the following paragraph:
“38. (1) Gains or profits from the disposal of a capital asset situated in Malaysia.
(2)
The exemption under subparagraph (1) shall not apply to—
(a)
disposal of shares of a company incorporated in Malaysia not listed on the stock exchange; and
(b)
disposal of shares under section 15c.”.