 | United States - 1922 - 1028 pages
...the provisions of section 217. SEC. 214. Deductions allowed individuáis, (a) That in computing net income there shall be allowed as deductions: (1) All...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | New York (State). Supreme Court. Appellate Division - 1922 - 1182 pages
...deductions to be made from the gross income to arrive at the net income and includes in subdivision 1 " all the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered," etc. The words " paid or incurred " have a meaning... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...deduction from gross income for the year in which paid. REFERENCES : Sec. 214: "(a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, (including . . . rentals... | |
 | Modern Language Association of America - 1922 - 1032 pages
..."Revenue Act of 1921," which apply to citizens of the United States: Sec. 214. (a) That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including . . . traveling... | |
 | Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton - 1922 - 1722 pages
...deductions: (i) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal sen-ices actually rendered. This would seem to prevent, and was intended... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...under the provisions of section 217. DEDUCTIONS ALLOWED INDIVIDUALS SEC. 214. (a) That in computing net income there shall be allowed as deductions : (1)...including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount... | |
 | North Dakota - 1923 - 634 pages
...ratably in proportion to their respective interests. Sec. 19. DEDUCTIONS ALLOWED.) In computing net income, there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid during the income year in the carrying on of any trade or business including a reasonable allowance... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...234. (a) That in computing the net income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions: • (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, mcluding a reasonable allowance... | |
 | Eric Louis Kohler - 1924 - 514 pages
...under the provisions of section 217. DEDUCTIONS ALLOWED INDIVIDUALS Sec. 214. (a) That in computing net income there shall be allowed as deductions: (1) All...including a reasonable allowance for salaries or other compensation for personal services actually rendered ; traveling expenses (including the entire amount... | |
 | Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton - 1922 - 1722 pages
...deductions: (i) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or otlter compensation for personal services actually rendered. This would seem to prevent, and was intended... | |
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All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered... 
