 Interest. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917,...  Comparison of the Revenue Acts of 1934 and 1936 - Page 22by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pagesFull view - About this book
 | 1936 - 912 pages
..."SEC. 213. That for the purposes of this title * * * the term 'gross income * * * "(2) AH interest paid or accrued within the taxable year on indebtedness,...incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally... | |
 | United States - 1939 - 780 pages
...allowance for obsolescence; and (7) INTEREST. — All interest paid within the taxable year on its indebtedness, except on indebtedness incurred or continued...taxpayer) the interest upon which is wholly exempt from taxation under this chapter. (b) RENTAL VALUE OF REAL ESTATE. — The deduction under subsection (a)... | |
 | United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 496 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than (he obligations of the United States issued after September...wholly exempt from the taxes imposed by this title. In short, section 23 (b) simply allows as a deduction from your gross income all of the interest you... | |
 | United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 520 pages
...as deductions" — then we pass subparagraph (a) and go to subparagraph (b), which reads this way : Interest : All interest paid or accrued within the...continued to purchase or carry obligations (other than the obligations of the United States issued after September 24, 1917, and originally subscribed for... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - 1938 - 700 pages
...allowance for obsolescence; and (7) INTEREST. — All interest paid within the taxable year on its indebtedness, except on indebtedness incurred or continued...taxpayer) the interest upon which is wholly exempt from taxation under this chapter. (b) RENTAL VALUE OF REAL ESTATE. — The deduction under subsection (a)... | |
 | United States, United States. Congress. House. Committee on Ways and Means - 1938 - 348 pages
...therein contained and for the requirement therein that payment must be made within the taxable year. (b) INTEREST. — All interest paid or accrued within...incurred or continued to purchase or carry obligations September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly... | |
 | United States. Board of Tax Appeals - 1939 - 1380 pages
...FROM GROSS INCOME. In computing net income there shall be allowed aa deductions : • •*•••• (b) INTEREST. — All Interest paid or accrued within...wholly exempt from the taxes Imposed by this title. »SEC. 41. GENERAL RULE. The effect of denying it here would be to place petitioner on an accrual basis... | |
 | 1941 - 1688 pages
...Income" means the gross Income less — ] (7) Interest. All Interest paid within the taxable year on Its Indebtedness, except on Indebtedness Incurred or continued...taxpayer) the Interest upon which Is wholly exempt from taxation under this chapter. § 19.203 (a) (7)-l Interest. The deduction allowed by section 203 (a)... | |
 | 1939 - 1030 pages
...income" means the gross income less — l (7) 1NTEREST. All interest paid within the taxable year on its indebtedness, except on indebtedness incurred or continued...taxpayer) the interest upon which is wholly exempt from taxation under this title. 3.203 (a) (7)-l Interest. The deduction allowed by section 203 (a) (7) of... | |
 | 1940 - 1806 pages
...means the gross Income less — ] (7) Interest.— All Interest paid within the taxable year on Its taxation under this title. §9.203 (a) (7)-l Interest. The deduction allowed by section 203 (a) (7)... | |
| |
