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" In the case of a manufacturing, merchandising, or mining business, "gross income" means the total sales, less the cost of goods sold, plus any income from Investments and from incidental or outside operations or sources. "
The Code of Federal Regulations of the United States of America - Page 115
1967
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Prentice-Hall Tax Service for 1919 (Classic Reprint)

Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 pages
...for the discount originally deducted. fl 531. Art. 35. Gross income from business. — In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Taxation of Corporations and Personal Income in New York

Henry Montefiore Powell - 1919 - 708 pages
...which such warrants or securities are converted. ART. 28. Gross income from business— In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Federal Income Tax, War-profits and Excess-profits Taxes: Including Stamp ...

George Edwin Holmes - 1920 - 1186 pages
...interest, rent and royalties are discussed in other chapters.8 Gross Income from Business. In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Comptroller's Regulations Relating to the Income Tax Issued Pursuant to ...

1920 - 188 pages
...which such warrants or securities are converted. ART. 28. Gross income from business — In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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War Tax 1920: A Synopsis of the War Tax, with Accurate Tables and Concrete ...

1920 - 36 pages
...represents recovery for the discount originally deducted. GROSS INCOME FROM BUSINESS In the case of a manufacturing, merchandising or mining business...from Incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Regulations 45 Relating to the Income Tax and War Profits and Excess Profits ...

United States. Bureau of Internal Revenue - 1920 - 346 pages
...recovery for the discount originally deducted. ART. 35. Gross income from business. — In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924

United States. Internal Revenue Service - 1924 - 396 pages
...recovery for the discount originally deducted. ART. 35. Gross income from business. — In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Cases on Federal Taxation, Volume 1

Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...recovery for the discount originally deducted. ART. 35. Gross income from business.— In the case of a manufacturing, merchandising, or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Income Tax Procedure ...

Robert Hiester Montgomery - 1925 - 1928 pages
...business carried on for gain or profit Gross income from business defined. — REGULATION. In the case of a manufacturing, merchandising or mining business...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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Income Tax Procedure ...

Robert Hiester Montgomery - 1927 - 1510 pages
...Gross income from business defined. — REGULATION. In the case of a manufacturing, merchandising1, or mining business "gross income" means the total...from incidental or outside operations or sources. In determining the gross income subtractions should not be made for depreciation, depletion, selling...
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