All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally... Pamphlets - Page 9by Irving National Bank, New York - 1920Full view - About this book
| United States. Court of Claims, Audrey Bernhardt - 1959 - 1028 pages
...grogs Income. In computing net Income there shall be allowed as deductions : ***** (b) Interest. — All Interest paid or accrued within the taxable year...Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24, 1017, and originally subscribed... | |
| United States. Court of Claims, Audrey Bernhardt - 1959 - 820 pages
...the year on indebtedness incurred or continued to purchase or carry obligations 298 Findings of Fact of the United States issued after September 24, 1917, the interest upon which is not wholly tax exempt, is deductible from gross income. 9. (a) The second exchange of correspondence... | |
| United States. Court of Claims - 1930 - 854 pages
...as deductions: Opinion of the Court "(2) All interest paid or accrued within the taxable year on its indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities * * * the interest upon which is wholly exempt from taxation under this title." Neither the Joint Stock... | |
| New York (State). Comptroller's Office - 1919 - 24 pages
...state deduction is on the basis stated above. The corresponding federal provision reads as follows: " All interest paid or accrued within the taxable year...interest upon which is wholly exempt from taxation under this title as income to the taxpayer * * " "While the language of the state statute, stated in... | |
| Robert Hiester Montgomery - 1920 - 1304 pages
...(Item 4 above), and tli« Income Inn on lli«- tmluncn !• c«lmtlBt««l al 10 |Mir «i«nl. lerest (except on indebtedness incurred or continued to purchase...States issued after September 24, 1917, the interest on which is wholly exempt from taxation (See paragraph 9, page 2, General Instructions'). xes (except... | |
| New York (State) - 1919 - 520 pages
...Comptroller [Vol. 20] the basis stated above. The corresponding Federal provision reads as follows : "All interest paid or accrued within the taxable year...interest upon which is wholly exempt from taxation under this title as income to the taxpayer * * *." While the language of the State statute, stated... | |
| National City Company, United States - 1919 - 104 pages
...property to which the taxpayer has not taken or is not taking title or in which he has no equity. 63. (2) All interest paid or accrued within the taxable year...interest upon which is wholly exempt from taxat-ion under this title as income to the taxpayer, or, in the case of a nonresident alien individual, the... | |
| Guaranty Trust Company of New York - 1919 - 664 pages
...United States. SEC. 214. (a) That in computing net income there shall be allowed as deductions: (2) All interest paid or accrued within the taxable year...after September 24, 1917), the interest upon which is wholjy exempt from taxation under this title as income to the taxpayer, or, in the case of a nonresident... | |
| George Edwin Holmes - 1919 - 1048 pages
...property to which the taxpayer has not taken or is not taking title or in which he has no equity; (2) All interest paid or accrued within the taxable year...obligations or securities (other than obligations of the Unite.1 States issued after September 24, 1917), the interest upon which is wholly exempt from taxation... | |
| Harris, Forbes & co., New York - 1919 - 164 pages
...paid or accrued on indebtedness except that no deductions may be made for interest on indebtedness incurred or continued to purchase or carry obligations...after September 24, 1917), the interest upon which is declared by law to be tax exempt. In the case of a foreign corporation it is the proportion of such... | |
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