 | Robert Hiester Montgomery - 1920 - 1304 pages
...paid within the taxable year on policy and annuity contracts. "Paid" includes "accrued'' or "incurred" (construed according to the method of accounting upon the basis of which the net income is computed) during the taxable year, but does not include any estimate for losses incurred but not reported during... | |
 | National City Company, United States - 1919 - 104 pages
...of the deductions and credits under this title, means "paid or accrued" or "paid or incurred," and the terms "paid or incurred" and "paid or accrued"...which the net income is computed under Section 212 (par. 45-47). DIVIDENDS. 21. SEC. 201. (a) That the term "dividend" when used in this title (except... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...of the deductions and credits under this article, means "paid or accrued" or "paid or incurred," and the terms "paid or incurred" and "paid or accrued"...the basis of which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this article,... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...of the deductions and credits under this article, means "paid or accrued" or "paid or incurred," and the terms "paid or incurred" and "paid or accrued"...the basis of which the net income is computed, under this article. The term "received" for the purpose of the computation of net income under this article,... | |
 | 1919 - 460 pages
...under this title, means " paid or accrued " or " paid or incurred." and the terms "paid or incmi'ca" and "paid or accrued" shall be construed according...of which the, net in-come is computed under section two hundred and twelve. And the Senate agree' to the same. Amendment numbered 14 : That the House recede... | |
 | George Edwin Holmes - 1919 - 1052 pages
...deductions and credits allowed by the income tax means "paid or accrued" or "paid or incurred" and that the terms "paid or incurred" and "paid or accrued"...to the method of accounting upon the basis of which net income is computed.9 No uniform method of accounting is or can be prescribed for all taxpayers.... | |
 | Alabama - 1919 - 1476 pages
...hereinafter provided for with respect to income tax means paid or accrued or paid or incurred, and the terms "paid or incurred" and "paid or accrued"...be construed according to the method of accounting on the basis on which the net income is computed under this act. Section 316. IMPOSITION OF INCOME... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...paid within the taxable year on policy and annuity contracts. "Paid" includes ".accrued" or "incurred" (construed according to the method of accounting upon the basis of which the net income is computed) during the taxable year, but does not include any estimate for losses incurred but not reported during... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 pages
...paid within the taxable year on policy and annuity contracts. "Paid" includes "accrued" or "incurred" (construed according to the method of accounting upon the basis of which the net income is computed) during the taxable year, but does not include any estimate for losses incurred but not reported during... | |
 | George Edwin Holmes - 1919 - 1048 pages
...Act of 1918 provides for the deduction of taxes "paid or accrued." The term "paid or accrued" is to be construed according to the method of accounting upon the basis of which the net income of the taxpayer is computed.5 Taxes Not Deductible. The Revenue Act of 1918 expressly provides... | |
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paid or incurred ' and ' paid or accrued ' shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for... 
