INCOME TAX (PRESCRIBED TRANSACTIONS) RULES 2003 [P.U.(A) 472]

INCOME TAX (PRESCRIBED TRANSACTIONS) RULES 2003 [P.U.(A) 472]

(Gazetted on 31 December, 2003)

 

IN exercise of the powers conferred by paragraph 154(1)(b) of the Income Tax Act 1967 [Act 53], the Minister makes the following rules:

 

Citation and commencement

 

1. (1) These rules may be cited as the Income Tax (Prescribed Transactions) Rules 2003.

 

(2) These Rules are deemed to have effect from the year of assessment 2003.

 

Prescribed transaction

 

2. Minister prescribes an asset backed debt securities transaction as a transaction under subparagraph 36(1)(a)(iv) to the Act.

 

Made 15 December 2003

[Perb. CR(8.09) 294/6/4-9 (SJ. 5) Vol. 3 (SK. 5); LHDN. 01/35/(S)/42/51/231-17.5;

PN(PU²)80/XXXIX]

 

DATO’ DR. JAMALUDDIN BIN MOHD JARJIS

                                                                                                                     Second Minister of Finance

 

[To be laid before the Dewan Rakyat pursuant to subsection 154(2) of the Income Tax Act 1967]