INDEX Income Tax-Continued. Page Holding companies, foreign personal_ - 545 Holding companies, personal --------- 557 Income from sources within United States------------------------ - 503 Individuals- Credits against net income --------- 466 Normal tax ------------------ 452 Returns ------------------------- 476 Surtax ------------------------- 453 Information at source--------------- 515 Information by corporations --------- 515 Installments, overpayment of--------- 544 Insurance companies--------------- 522 Foreign ------------------------- 531 Gross income, computation --------- 526 Life insurance companies----------- 522 Gross income------------------- 523 Net income--------------------- 523 Mutual, other than life ----------- 526 Other than life or mutual ----------- 524 Taxes of foreign countries and pos- sessions of United States ------- 526 Interest accruing after Oct. 24, 1933, and before Aug. 30, 1935, on de- linquent, computation----------- 583 Interest and additions to tax------- 540 Bankruptcy and receiverships ------- 542 Deficiencies- Additions to tax in case of-------- 541 Interest on -------------- 541 Time extended for payment ------ 542 Failure to file return--------------- 540 Jeopardy assessments, interest in case of ---------------------- 542 Nonpayment, additions to tax in case of----------------------- 541 Removal of property or departure from United States ------------ 543 Time extended for payment of tax shown on returns ------------- 542 Inventories to determine income ----- 459 Investment companies, mutual-------- 552 Items not deductible----------------- 464 Jeopardy assessments --------------- 537 Interest in case of----------------- 542 Laws made applicable--------------- 480 Life insurance companies ------------ 522 Loss from wash sales of stock or securi- ties-------------------------- 503 Mutual insurance companies other than life--------------------------- 526 Mutual investment companies -------- 552 Definition------------------------ 552 Tax on ----------------------- 553 Net income- Computation------------------- 457,484 Credits against- China Trade Act Corporations --- 533 Corporations-------------------- 467 I A -- A .-. t, 518I Estates anu truaoo- .-- -- -- --- -- -- -- . 1613 Income Tax-Continued. Page Net income-Continued. Credits against-Continued. Individuals--------------------- 466 Non-resident aliens -------------- 529 Partnerships -------------------- 521 Definition------------------------ 457 Estates and trusts, computation ---- 517 Life insurance companies----------- 523 Nonpayment, additions to tax in case of_ 541 Non-resident aliens- Credits against net income --------- 529 Credits against tax --------------- 529 Deductions _ ----- ------ ------ --- 528 Deductions and credits, allowance of_ 529 Gross income --------------------- 528 Partnerships --- ------------------ 530 Payment of tax------------------- 530 Returns ------------------------- 529 Tax on -------------------------- 527 Normal tax on individuals ----------- 452 Oil properties, tax on sale of---------- 484 Overpayments- Installments --------------------- 544 Refunds and credits-- --------- 473, 544 Partnerships----------------------- 521 Credits against net income --------- 521 Different taxable years of partner and partnership------------------- 522 Earned income ------------------- 522 Income, computation-------------- 521 Nonresident members ---------- -- 530 Partners, tax of------------------- 521 Partnership not taxable ------------ 521 Returns ------------------------- 522 Taxes of foreign countries and posses- sions of United States --------- 522 Payment of tax------------------- 478,508 Foreign corporations ------------ 513, 531 Nonresident aliens----------------- 530 Time extended for, shown on return - 542 Penalties--------- ----------- .480,513,552 Personal holding companies ----------- 557 Administrative provisions ---------- 564 Deficiency dividends-credits and re- funds------------------------ 561 Definition ----------------------- 557 Foreign-----------------------. 516, 545 Income -------------------------- 558 Meaning of terms used------------- 564 Stock ownership------------------ 559 Surplus, improper accumulation of -- 564 Surtax on ----------------------- 557 Title IA net income -------------- 561 Undistributed Title IA net income -- 560 Possessions of the United States-- Citizens of ------------------- 533 Credits against taxes of------------ 472 Income from sources within ------- 532 Taxes of, allowance of credit. __ 506, 519, 526 Publicity of returns _--------------- 478
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