Page:United States Statutes at Large Volume 48 Part 1.djvu/763

73d C ONGRESS . SESS . II. CH. 277. MAY 10, 1934. SEC. 215. CREDITS AGAINST TAX . A nonresident alien individual shall not be allowed the credits against the tax for taxes of foreign countries and possessions of the United States a llowed b y sectio n 131 . SEC. 216. RETURNS. In the case of a nonresident alien individual the return, in lieu of the time prescribed in section 53(a) (1), shall be made on or before the fifteenth day of the sixth month following the close of the fiscal year, or, if the return is made on the basis of the calendar year, then on or before the fifteenth day of June . SEC. 217. PA YME NT OF TAX . (a) TIME OF PAYMENT :In the case of a nonresident alien indi- vidual the total amount of tax imposed by this title shall be paid, in lieu of the time prescribed in section 56(a), on the fifteenth day of June following the close of the calendar year, or, if the return should be made on the basis of a fiscal year, then on the fifteenth day of t he sixth month f ollowing the clo se of the fiscal year . (b) WITHHO LDING AT S OURCE .-Fo r wit hholdi ng at sour ce of tax on income of nonresident aliens, see section 143 . Supplement I-Foreign Corporations SEC. 231 . GROSS INCOME . (a) GENERAL RULE .-In the case of a foreign corporation gross incom e in clud es o nly the gros s in come fro m s ourc es within the United Stat es . (b) Snn's UNDER FO REIG N FLAG.-The i ncome of a f oreign corporation, which consists exclusively of earnings derived from the operation of a ship or ships documented under the laws of a foreign cou nt ry wh ich grants an equivalent exemption to cit iz ens of the United States and to corporations organized in the United States, shall not be included in gross income and shall be exempt from taxa tion un der this ti tle . SEC. 232 . DED UCTION S . In the case of a foreign corporation the deductions shall be allowed only if and to the extent that they are connected with income from sou rc es within the United States ; and the prop er apportionment and allocation of the deductions with respect to sources within and without the United States shall be determined as provided in section 11 9, under rules and regulations prescribed by the Commissioner with the approval of the Secretary . SEC. 233. ALLOWANCE OF DEDUCTIONS AND CRED ITS . A foreign corporation shall receive the benefit of the deductions and credits allowed to it in this title only by filing or causing to be filed with the collector a true and accurate return of its total income received from all sources in the United States, in the manner prescribed in this title ; including therein all the information which the Commissioner may deem necessary for the calculation of su ch deductio ns and c redits . SEC. 234. CREDITS AGAINST TAX . Foreign corporations shall not be allowed the credits against the tax for taxes of foreign countries and possessions of the United States allowed by section 131 . 86637'-24-47 Returns . Time for filing . Ant e, p . 097. Payment of tax. Time d esigna ted . Ante, p . 697. W ithh old ing at source . A nte, P. 723 . FOREIGN COR- PORATIONS . Gross income . Un ited Stat es source s o nly . Ships under foreign flag, conditions. Deducti ons . Allowed only on in- come from United St ates sour ces . A ppor tionm ent . Ante, p . 716. 737 INCOME TAX. NON RES ID ENT ALIEN INDIVID- UALS -Con td . Credits against tax . No all owance for, of foreign governments . Ante, p . 718. Allowance of deduc- tions and credits . Benefit of, only by filing return of all in- come from United States sources. Credits against tax . No al lowance f or, of foreign governments Ante, p . 718.