Page:United States Statutes at Large Volume 48 Part 1.djvu/1379

Ixii INDEX. Income Tax-Continued. Pllge. Corporations- Credits of, against net income______ 693 Distributions by __________________ 711 Exemptions from tax on _ ________ 700, 702 Foreign- Affiliation_ _____________________ 738 Allowance of deductions and credits_ ____________________ 737 Credits against tax______________ 737 Deductions____ _________________ 737 Gain, recognition of _____________ 705 Gross income_ ______ ____________ 737 Insurance companics_ ___ ________ 738 Payment of tax _________________ 738 Rates of tax on certain_ _ ________ 703 Returns_______________________ 738 Information by ___________________ 726 Payment of income tax at sourcc_ _ _ 724 Rate of tax_ _ _ ___________________ 686 Returns of _ ___________ ___________ 697 Surtaxes, accumulation of surplus to evade_______________________ 702 Credits against tax- Foreign corporations_ _ _ ___________ 737 Nonresident aliens_ ____ ___________ 737 Overpayments_________________ 693,750 Taxes of foreign countries and pos- sessions of Uniterl Stutes _____ 693,718 Taxcs withheld at source _________ 693,723 Cross references, effect of _ __ _________ 684 Deficiencies- Additions to tax in case oC ________ 746 InterestO1L______________________ 746 Time extended for payment oC_____ 748 Definitions- Capital as~ets_ _ __________________ 714 Deficiency ____ - _- ____ - - - - _______ _ 740 Fiscal year_______________________ 696 Gross income_ ____________________ 686 Netincome_________________ ____ 686 Paid or incurred/accrued ___________ 696 Personal holding company _ _ _ ______ 751 Taxable year _____________________ 696 Trade or business_ ________________ 696 Depreciation and depletion, basis for __ 710 Employees' beneficiary associations, exemption _ _ _ ______ ____________ 702 Estates and trusts- Credi'; 'I against net income _________ 728 Different taxable years_ __ _________ 729 Employees'trusts_____ ___________ 729 Imposition of tax _ _ _______________ 727 Income for benefit of grantor_______ 729 Net income _ _ ____________________ 728 Revocable trusts_ _________________ 729 Taxes of foreign countries and pos- sessions of Tnited States__ _____ 730 Exemptions from tax on corporations_ _ 700 Failure to file return________________ 746 Income Tax-Continued. Page. Farmers' associations, exemption______ 701 Fiduciaries- Claims against_ ___________________ 748 Notice of relationship_ _ _ __________ 750 Returns_________________________ 722 Foreign corporations. See Corpora- tions. Foreign countries- Credits against taxes oC _________ 693, 718 Estate and trust taxes_ __________ 730 Insurance company taxes_ _ ______ 735 Partnership taxes_ ______________ 730 Rates of tax on citizens and corpora- tions of certain _ _________ ______ 703 Foreign items, collection of ______ ______ 727 Fraternal beneficiary societies, exemp- tion___________________________ 700 Gain or loss- Adjusted basis for ddermining _ ____ 706 Recogn ition oC ______ ______________ 704 Gross income- Deductions from__________________ 688 Defined__________________________ 686 Exclusions from _ _ _ _ _______ _____ 687, 712 Foreign corporations_ _ _ ___________ 737 Life insurance companies_ _ _ _______ 731 Nonresident aliens _ _ ______________ 735 Period in which items, of inc1uded_ _ 694 Sources in United States_ __________ 716 Sources without rnited States_ ___ __ 717 Holding companies, personal, surtax on____________ _ ____________ 751 Horticultural orgadzations, exemption_ 700 Imposition of tax, estates, and tn;sts_ _ 727 Individuals- Credits of, agLinst net income _ _____ 692 Normal tax rnte__________________ 684 Returns of _______ ________________ 697 Surtax rates on incomcs_ _ _ _ ___ ____ 684 Information at source_ ________ ______ 726 I nstallments_ _______________________ 694 Overpayment oL _ ___ _____________ 750 Insurance companies- Benevolent, excmption from tax _ __ _ 701 Companies othcr than lifc or mutuaL 733 Computation of gross iucolllc_ ______ 735 Forcign__________________________ 738 J.ife insurance companies_ _ _ _ ______ 731 Gross income ___________________ 731 Net income____________________ 732 Mutual companics othcr thall Iifc_ __ 735 Taxes of foreign countries and pos- sessions of enited States__ _____ 735 Interest and additions- Additions to tax in casc of dt'ficiency ornonpayment _____________ 746, i47 Bankruptcy and receh'ership!L _ ____ i48 Failure to file retufll______________ i46 Interest all deficiendcs_ _ _ ____ _____ i46