Two company directors charged with failing to keep income receipt

SHAH ALAM, July 5 — Two company directors were charged in the Magistrate’s Court here today with failing to keep and retain in safe custody sufficient records of any income from their respective business as required under the Income Tax Act 1967.

Nor Asyikeen Othman, 37, of Mayo Surgical Supply, was fined RM5,000, in default four months’ jail, after she pleaded guilty to the charge.

The woman was charged with failing to keep and retain documents of income from her business or adjusted loss from that business for the assessment year 2012.

The charge, under Section 82(1)(a) of the Income Tax Act, provides a fine of up to RM10,000, or imprisonment for up to a year, or both, if found guilty.

In another case, Yong Kee Eng, 47, director of Algood Services, pleaded not guilty to a similar charge involving business income for the assessment year 2010, 2011 and 2012.

Magistrate P. Sarulatha fixed Aug 9 for mention for submission of documents.

Prosecuting officer from the Inland Revenue Board Ainil Farahin Ramli prosecuted. — Bernama

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