 | United States - 1921 - 642 pages
...to credits under this title, means paid or accrued or paid or indeductionsandcredits. CUTred» an(j the terms "paid or incurred" and "paid or accrued"...the basis of which the net income is computed under section 212; and service ^ r^^Q term " personal service corporation " means a corporation whose income... | |
 | Alzada Comstock - 1921 - 260 pages
...computation of the net income under this act means " received or accrued ", and the words " received or accrued " shall be construed according to the method...the basis of which the net income is computed under this act. 11. The word "resident" applies only to individuals and includes for the purpose of determining... | |
 | National Tax Association - 1921 - 76 pages
...computation of the net income under this act means " received or accrued ", and the words " received or accrued " shall be construed according to the method...the basis of which the net income is computed under this act. 11. The word "resident" applies only to individuals and includes for the purpose of determining... | |
 | Louisiana (State). Assessment and Taxation Commission - 1921 - 294 pages
...the computation of the net income under this act means "received or accrued," and the words "received or accrued" shall be construed according to the method...the basis of which the net income is computed under this act. 12. The words "foreign country" mean any jurisdiction other than one embraced within the... | |
 | Alzada Comstock - 1921 - 268 pages
..." or " paid or incurred ", and the words " paid or accrued ", " paid or incurred " and " incurred " shall be construed according to the method of accounting...the basis of which the net income is computed under this act. The word " received " for the purpose of the computation of the net income under this act... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...paid within the taxable year on policy and annuity contracts. "Paid" includes "accrued" or "incurred" (construed according to the method of accounting upon the basis of which the net income is computed) during the taxable year, but does not include any estimate for losses incurred but not reported during... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...section 237; (4) 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; and (5) The term "personal service corporation" means a cor- t poration whose income is... | |
 | James Hinton Pou - 1922 - 1032 pages
...the computation of the net income under this act means "received or accrued," and the words "received or accrued" shall be construed according to the method...the basis of which the net income is computed under this act. 13. The word "resident" applies only to individuals, and includes for the purpose of determining... | |
 | New York (State). Supreme Court. Appellate Division - 1922 - 1182 pages
...paid or incurred " have a meaning fixed by subdivision 6 of section 350 which requires that they " shall be construed according to the method of accounting...the basis of which the net income is computed, under this article." Section 358 of the Tax Law gives the basis upon which the net income is computed. We... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...section 237; (4) 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; and (5) The term "personal service corporation" means a corporation whose income is to... | |
| |
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... 
