Introduction to Business Income

Session Conducted by : Viraj Henegedera (FCA ,FMAAT, ACCA , CTA , B.B Mgt(HRM) Sp)

Date : 18.06.2026

Time : 3.00 p.m to 4.00 p.m

Covered Content

• How to Calculate the Tax Liability of an Individual and an Entity
• What is Business Income?
• How to Refer to the Inland Revenue Act and the Difference Between Sections and Schedules
• Gains and Profits from a Business
• What are Exempt Amounts?What is Meant by Final Withholding Payments?
• Effectively Connected Business Income
• Basic Understanding of Business Receipts

 White Board :  White Board Explanation 

Supporting Documents :  

Consolidated Text of the Inland Revenue Act, No. 24 of 2017 [Incorporating Amendments up to 31st March 2025]

Inland Revenue (Amendment) Act, No. 11 of 2026

Notice on Amendments to the Inland Revenue Act, No. 24 of 2017

Quiz link : Quiz on Introduction to Business Income