 | Philippines - 1986 - 492 pages
...As used in this section the term 'initial payments' means the payments received in cash or properly other than evidences of indebtedness of the purchaser...period in which the sale or other disposition is made. (c) Sales of real property considered as capital asset by individuals. — An individual who sells... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...prescribed in this subdivision. A- used in this subdivision the term 'initial payments' means the payments received in cash or property other than evidences...period in which the sale or other disposition is made." Under this section of the income tax law the Board of Tax Appeals tins held that a taxpayer who changes... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...prescribed in this section. As used in this section the term "initial payments" means the payments received in cash or property other than evidences...period in which the sale or other disposition is made. SEC. 45. CONSOLIDATION OF ACCOUNTS. In any case of two or more related trades or businesses (whether... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...prescribed in this subdivision. As used In this subdivision the term ' Initial payments ' means the payments received In cash or property other than evidences...period in which the sale or other disposition is made." Under this section of the income tax law the Board of Tax Appeals hns held that a taxpayer who changes... | |
 | Eric Louis Kohler - 1927 - 618 pages
...prescribed in this subdivision. As used in this subdivision the term "initial payments" means the payments received in cash or property other than evidences...period in which the sale or other disposition is made. GROSS INCOME DEFINED Sec. 213. For the purposes of this title, except as otherwise provided in section... | |
 | Nathan William MacChesney - 1927 - 960 pages
...deferred payment sales of real property not on the installment plan, as "sales in which the payments received in cash or property, other than evidences...of indebtedness of the purchaser during the taxable year in which the sale is made exceed one-fourth of the purchase price." The method of reporting income... | |
 | Nathan William MacChesney - 1927 - 960 pages
...installment dealer the installment method may not be used except for those sales in which "the payments received in cash or property other than evidences of indebtedness of the pun, chaser during the taxable period in which the sale or other disposition is made ... do not exceed... | |
 | United States - 1928 - 268 pages
...prescribed in this section. As used in this section the term "initial payments" means the payments received in cash or property other than evidences...period in which the sale or other disposition is made. (c) Change from accrual to installment basis. — If a taxpayer entitled to the benefits of subsection... | |
 | United States - 1928 - 1164 pages
...prescribed in this subdivision. As used in this subdivision the term "initial payments" means the payments received in cash or property other than evidences...period in which the sale or other disposition is made. (June 2, 1924, 4.01 pm, c. 234, i 212, 43 Stat. 267; Feb. 26, 1926, c. 27, § 212, 44 Stat. 23.) Historical... | |
 | Olin Winthrop Blackett - 1928 - 912 pages
...installment sales come under the income tax definition. This is as follows : "Sales in which the payments received in cash or property other than evidences...of indebtedness of the purchaser during the taxable year in which the sale is made do not exceed 40 per cent of the selling price."8 Generally speaking,... | |
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As used in this section the term "initial payments" means the payments received in cash or property other than evidences of indebtedness of the purchaser during the taxable period in which the sale or other disposition is made. 
