 | 1920 - 188 pages
...or estate. 6. The word " paid " for the purposes of the deductions and credits under this article, means " paid or accrued " or " paid or incurred,"...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,... | |
 | Harris, Forbes & Co., New York - 1920 - 110 pages
...estate. 6. The word "paid" for the purposes of the deduc- Paid or tions and credits under this article, means "paid or accrued" or "paid or incurred," and...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,... | |
 | Alabama. Legislature. House of Representatives - 1920 - 1726 pages
..."paid" for the purpose of the deductions and credits hereinafter provided for with respect to income tax means paid or accrued or paid or incurred, and the...be construed according to the method of accounting on the basis on which the net income is computed under this act. Amend section 324, H. 383, by striking... | |
 | United States - 1920 - 1064 pages
...accrued " or curTOia"d °r in " Paid or incurred," and the terms " paid or incurred " ••paid or ac- and "paid or accrued '' shall be construed according...the basis of which the net income is computed under section 212. Dividend.. SEC. 201. (a) That the term "dividend " when used in this title (except in... | |
 | United States - 1920 - 1052 pages
...accrued '' or currrfa''d °r '" " P&id or incurred." and the terms " paid or incurred " r"p»'<' or ac- and "paid or accrued'' shall be construed according...the basis of which the net income is computed under section 212. SEC. 201. (a) That the term "dividend " when used in this title (except in paragraph (10)... | |
 | George Edwin Holmes - 1920 - 1186 pages
...dates inclusive; The term "paid," for the purposes of the deductions and credits under this title, means "paid or accrued" or "paid or incurred," and..."paid or accrued" shall be construed according to tie method of accounting upon the basis of which the net income is computed under section 212. DIVIDENDS... | |
 | National City Company - 1921 - 104 pages
...capital deductions. Paid The term "paid" for the purposes of the deductions and credits under this title, means "paid or accrued" or "paid or incurred" and...the basis of which the net income is computed under section 212. Personal Service Corporation The term "personal service corporation" means a corporation... | |
 | Rex Frye - 1921 - 350 pages
...dates inclusive; The term "paid," for the purposes of the deductions and credits under this title, means "paid or accrued" or "paid or incurred," and...the basis of which the net income is computed under section 212. BASIS FOR DETERMINING GAIN OR LOSS. SEC. 202. (a) That for the purpose of ascertaining... | |
 | New York (State) - 1921 - 324 pages
...or estate. 6. The word " paid " for the purposes of the deductions and credits under this article, means " paid or accrued " or " paid or incurred,"...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,... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pages
..."paid" as follows: " The term ' paid ' for the purposes of the deductions and credits under this title means paid or accrued, or, paid or incurred : and...the basis of which the net income is computed, under Sectiou 212." Section 203 provides that — " Whenever, in the opinion of the Commissioner, the use... | |
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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 the... 
