Company Losses set off in Sri Lanka

[dinukaperera]

Hi Friends,

Mama wada karana company (Public Limited company ekak non listed) eka for the last 5 or 6 years loss pita duwanne. Dan 2020/21 wala karapu restructure, operational changes nisa awurudu gaanakata passe profit wegena enawa apey staff eke commitment eka nisa. Mata thiyana prashne dan pahu giya 5 or 6 years wala loss ekak thiyanawa Rs. 30 Mn withara. Audit karalath thiyanawa books walath thiyanawa Accumulated losses kiyala. Dan mey awurudde danata 5 million withara profit ekak thiyanawa meka March 31st weddi Rs. 6.5 Mn withara profit ekak ganna puluwan. Mata Tax knowledge eka nam aththema nathi tharam. Accounts team ekath aluth young kattiya inne. Apita puluwanda pahu giya awurudu 5 or 6 years wala loss eken portion ekak claim karanna mey awurudde? Mokada staff ekata Bonus ekak denna inne mechchara commitment ekak karala company eka anith paththa harawapu ekata. Naththam total Rs. 6.5 Mn walin 28% income tax gewanna wenawada.

 

[dmsupun]

අවුරුද්දට 5මිලියන් ප්‍රොෆිට් වෙන්නෙ කී දෙනෙක් වැඩ කරලද මචං?

මොනවද බිස්නස් එක? මගේ දැනගැනීමට.

 

[Mr.Yo]

Okata hari professional advice ekak ganin bn..meh wage thanaka owwa ahanawada?

 

[dinukaperera]

අවුරුද්දට 5මිලියන් ප්‍රොෆිට් වෙන්නෙ කී දෙනෙක් වැඩ කරලද මචං?

මොනවද බිස්නස් එක? මගේ දැනගැනීමට.

Staff eka dan inne 50kata aduwen. Company eka loss yanawa kiyala dana gaththama godaak kattiya daala giya. Share holders lath company eka atha arala thibune pahu giya awurudu wala. Business eka awilla Whole sale - agricultural products. Fully competitive. podima podi margin ekak thiyagena thamai buying & selling karanne. Industry eke hati.

 

[batwise]

agricultural products

200 micron polythene tinawada ara polytunnel walata dana?

 

[dinukaperera]

Okata hari professional advice ekak ganin bn..meh wage thanaka owwa ahanawada?

Thanks machan. Consultants la bora diye maalu baanawane. Eka paarak gaththa porak operations walata. Karapu magulakuth naa. Laksha ganan gewwa.

 

[dmsupun]

Staff eka dan inne 50kata aduwen. Company eka loss yanawa kiyala dana gaththama godaak kattiya daala giya. Share holders lath company eka atha arala thibune pahu giya awurudu wala. Business eka awilla Whole sale - agricultural products. Fully competitive. podima podi margin ekak thiyagena thamai buying & selling karanne. Industry eke hati.

අම්මෝ 50ක්???? මාර අමාරුයි නේද බං ඔය බිස්නස්. 50ක් වැඩ කරලා අවුරුද්දට ලක්ශ 50ක් කියන්නෙ පොඩ්ඩක් එහෙ මෙහෙ උනොත් මාර රිස්ක් එකක්.

හොඳට බොක්කෙන් කරන එකෙක් දෙන්නෙක් බලල උන්ට දුන්න නම් හරි වගේ. උඹට ෆ්ලැට් ගානක් තියන්.

ගුඩ් ලක් මචෝ. ජය!

 

[dinukaperera]

200 micron polythene tinawada ara polytunnel walata dana?

Apey use karanne paper sacks machan Kraft paper walin hadapu. Poly use karanna baa 25KG load karana nisa poly eka irenawa.

 

[llrajitha]

professional advice ganin defa.
Amazon, Google ehema kare mul awuruduwala paadu nisa profit gaththa tax gewwe naa godak kal. company eka loss ekakata diwwa nisa, ewa cover wenakam. Legally.

 

[Brandy2020]

Tax Bump

 

[NRTG]

Good luck and Bump....

 

[dinukaperera]

professional advice ganin defa.
Amazon, Google ehema kare mul awuruduwala paadu nisa profit gaththa tax gewwe naa godak kal. company eka loss ekakata diwwa nisa, ewa cover wenakam. Legally.

Thanks machan. Lankawe wela thiyenne Govt. change wechcha gaman policy change wenawane. Aluth Inland revenue act ekak awilla thiyanawa. Eka maara complicated ne.

අම්මෝ 50ක්???? මාර අමාරුයි නේද බං ඔය බිස්නස්. 50ක් වැඩ කරලා අවුරුද්දට ලක්ශ 50ක් කියන්නෙ පොඩ්ඩක් එහෙ මෙහෙ උනොත් මාර රිස්ක් එකක්.

හොඳට බොක්කෙන් කරන එකෙක් දෙන්නෙක් බලල උන්ට දුන්න නම් හරි වගේ. උඹට ෆ්ලැට් ගානක් තියන්.

ගුඩ් ලක් මචෝ. ජය!

Ow machan. Buyerslath maara price sensitive. Cents gaanata business nathi wenawa. Under cutting yanawa saratama industry eke. Ithin business kude kudu samahara months wala.

 

[ExamHe]

Awurudu 6 ka loss eka claim karanna puluwan
Tax purpose profit the loss the thwune
Act eca balala cyanna ona
Mathaca na hariyata

@tclanki @damith sa

Ubala dannawa nm idea ecac dyan

 

[damith sa]

Awurudu 6 ka loss eka claim karanna puluwan
Tax purpose profit the loss the thwune
Act eca balala cyanna ona
Mathaca na hariyata

@tclanki @damith sa

Ubala dannawa nm idea ecac dyan

Ube accounting loss ekai tax loss ekai kiyanne dekak.tax loss eka balapan kohomada thynnne kiyala.tax loss ekak thiyeinam claim karanna puluwan.parana ewa ba dan.kalin awrudu 2 puluwan.

 

[ExamHe]

Ube accounting loss ekai tax loss ekai kiyanne dekak.tax loss eka balapan kohomada thynnne kiyala.tax loss ekak thiyeinam claim karanna puluwan.parana ewa ba dan.kalin awrudu 2 puluwan.

2 years da bn

19. (1) In calculating the income of a person from a business for a year of assessment, the following shall be deducted:–
(a) an unrelieved loss of the person for the year from any other business; and
(b) an unrelieved loss of the person for any of the previous six years of assessment from the business or any other business.

me personal income neda bn

company eka kthanada bn thyenne

 

[Voldemort Bro]

@dinukaperera
Aluth IRD act eka apply wenne 1/4/2018 passe ena year of assessments walata, but ube loss eka ita kalin idan ena nisa EXTRAORDINARY Gazette No. 2064/53 eke TRANSITIONAL PROVISIONS tamai apply wenne... eke section 5 eke mehema kiyawa,

(5) Where any provision of the Inland Revenue Act, No. 10 of 2006 provides for the deduction of any loss in ascertaining
the assessable income of any person for any year of assessment, and any balance of such loss as at March 31,
2018, shall deemed to be the loss incurred for the year of assessment commencing on or after April 1, 2018 under the
Inland Revenue Act, No. 24 of 2017 and be deductible in accordance with the Inland Revenue Act, No. 24 of 2017.

eke ohoma kiyanawa , ekiyanne aluth IRD act eke rules ma apply karanna puluwan, ethokota aluth IRD act no 24 of 2017 eke section 19 eke tamai unrelived losses gena kiyanne, eke mehema kiyanawa,

19. (1) In calculating the income of a person from a business for a year of assessment, the following shall be deducted:–
(a) an unrelieved loss of the person for the year from any other business; and
(b) an unrelieved loss of the person for any of the previous six years of assessment from the business or any other business.

ethakota ube case ekedi apply wenne transitional provisions section 5 and IRD act eke section 19(b), finnaly, ubata oya losse eka 1/4/2018 idan 6 years issarahata deduct karanna puluwan..

therunnati deyak tiyenawanam ahapan..

Charted final karana lamayekwa wat accounts department ekata recruit kara ganin issarahata godak wedagath..

 

[diula123]

Thanks machan. Consultants la bora diye maalu baanawane. Eka paarak gaththa porak operations walata. Karapu magulakuth naa. Laksha ganan gewwa.

Send me pm Machan

 

[damith sa]

2 years da bn

19. (1) In calculating the income of a person from a business for a year of assessment, the following shall be deducted:–
(a) an unrelieved loss of the person for the year from any other business; and
(b) an unrelieved loss of the person for any of the previous six years of assessment from the business or any other business.

me personal income neda bn

company eka kthanada bn thyenne

me para awrudu dekai danna thiyenne.eta kalin arudu 6k passata ewa 1819 unu loss ekak widiyata consider karanna kiyala thyenne.

 

[diula123]

@dinukaperera
Aluth IRD act eka apply wenne 1/4/2018 passe ena year of assessments walata, but ube loss eka ita kalin idan ena nisa EXTRAORDINARY Gazette No. 2064/53 eke TRANSITIONAL PROVISIONS tamai apply wenne... eke section 5 eke mehema kiyawa,

(5) Where any provision of the Inland Revenue Act, No. 10 of 2006 provides for the deduction of any loss in ascertaining
the assessable income of any person for any year of assessment, and any balance of such loss as at March 31,
2018, shall deemed to be the loss incurred for the year of assessment commencing on or after April 1, 2018 under the
Inland Revenue Act, No. 24 of 2017 and be deductible in accordance with the Inland Revenue Act, No. 24 of 2017.

eke ohoma kiyanawa , ekiyanne aluth IRD act eke rules ma apply karanna puluwan, ethokota aluth IRD act no 24 of 2017 eke section 19 eke tamai unrelived losses gena kiyanne, eke mehema kiyanawa,

19. (1) In calculating the income of a person from a business for a year of assessment, the following shall be deducted:–
(a) an unrelieved loss of the person for the year from any other business; and
(b) an unrelieved loss of the person for any of the previous six years of assessment from the business or any other business.

ethakota ube case ekedi apply wenne transitional provisions section 5 and IRD act eke section 19(b), finnaly, ubata oya losse eka 1/4/2018 idan 6 years issarahata deduct karanna puluwan..

therunnati deyak tiyenawanam ahapan..

Charted final karana lamayekwa wat accounts department ekata recruit kara ganin issarahata godak wedagath..

Correct explanation.

 

[ExamHe]

@dinukaperera
Aluth IRD act eka apply wenne 1/4/2018 passe ena year of assessments walata, but ube loss eka ita kalin idan ena nisa EXTRAORDINARY Gazette No. 2064/53 eke TRANSITIONAL PROVISIONS tamai apply wenne... eke section 5 eke mehema kiyawa,

(5) Where any provision of the Inland Revenue Act, No. 10 of 2006 provides for the deduction of any loss in ascertaining
the assessable income of any person for any year of assessment, and any balance of such loss as at March 31,
2018, shall deemed to be the loss incurred for the year of assessment commencing on or after April 1, 2018 under the
Inland Revenue Act, No. 24 of 2017 and be deductible in accordance with the Inland Revenue Act, No. 24 of 2017.

eke ohoma kiyanawa , ekiyanne aluth IRD act eke rules ma apply karanna puluwan, ethokota aluth IRD act no 24 of 2017 eke section 19 eke tamai unrelived losses gena kiyanne, eke mehema kiyanawa,

19. (1) In calculating the income of a person from a business for a year of assessment, the following shall be deducted:–
(a) an unrelieved loss of the person for the year from any other business; and
(b) an unrelieved loss of the person for any of the previous six years of assessment from the business or any other business.

ethakota ube case ekedi apply wenne transitional provisions section 5 and IRD act eke section 19(b), finnaly, ubata oya losse eka 1/4/2018 idan 6 years issarahata deduct karanna puluwan..

therunnati deyak tiyenawanam ahapan..

Charted final karana lamayekwa wat accounts department ekata recruit kara ganin issarahata godak wedagath..

dan muge
profit 2019/20
loss 2018/19
2017/18
2016/17
2015/16
2014/15
2013/14

oya widiyata me awurudu okkoma adu karanna puluwan neda
2013/14 passe ewa barida

oya loss eka okkoma aluth act eka anuwa hadala 2018/19 una loss ekak widiyata ganna onada

sec 19 personal income gana neda kyanne