"GAINS, PROFITS, OR INCOME,"

meaning, 4, 5, 8, 18,

includes what, 10.

amount taxable, 4, 42.

losses in another business deducted from, 31.
return of, 41, 43.

of corporations, 59–69, 81.

GIFT,

taxable, 10, 23.

to clergyman, 17.

not deducted as a loss, 31.

GOVERNMENT OFFICERS,

salaries of, taxable, 11, 12, 23, 71.

GUARDIAN,

deduction by, for each ward, 12, 28, 29.
return by, 41, 48, 49.

HOMESTEAD,

taxes and repairs on, deducted, 30.

mortgage on, 37, 38.

rent of, 14, 38, 39.

HUSBAND AND WIFE,
exemption of, 28.

IMPROVEMENTS,

if permanent, not deducted as income, 12, 21, 25, 30, 39, 40.
income may be devoted to repairs, 32.

INCOME,

from business or profession, etc., distinguished, 6, 89.

salaries taxed as, 11–13.

aggregate of family, how taxed, 12, 28.

debts paid from, not deducted, 31.

loss by fire, how deducted, 31.

return of, 41, 43.

not to restrain collection of tax, 50.
INSPECTION,

of corporation books, upon collector's request, 87.
See PRODUCTION.

INSURANCE,

losses compensated by, not deducted, 11, 31.
on policy taken out by another, 23.

payments for, deducted as expenses, 36.

INSURANCE COMPANIES,

taxation of bank shares of, 9, 20.

mutual, exempt, 63.

premiums returned by, not dividends, 68.

reinsurance deducted, 65.

INTEREST,

how taxed, 9, 10, 15, 16, 19, 20, 65.

when deducted, 11, 34, 37, 38, 68.
waiver of, by accepting payment, 54.
INVESTMENTS,

income of, 22.

JUDGMENT,

against collector may be paid to plaintiff, 53.

payment of excise tax upon, does not exempt profits, 21.

profits of, how computed, 22, 81.

return of, 75, 81.

MILITARY SERVICE,

salaries in, how taxed, 11, 12, 71.

MINES,

reduction of, not to be deducted, 16.

profits, how estimated, 26.

mining claim is personalty, 27.

MINOR,

income of, how taxed, 12, 17, 42.

return of estate of, how made, 12, 28, 29, 41, 48, 49.

MISTAKE,

in refunding, 54.

MONEY,

acquired by gift or inheritance, taxable, 10.
MORTGAGE,

interest or gain on, taxable, 10, 16.
taxes deducted, 11.

of homestead, 37, 38.

MUNICIPAL CORPORATIONS,
exempt, 21, 61.

taxes by, deducted, 11, 30, 64.
salaries of officers, when exempt, 72.

salaries and expenses of, 11, 12, 23, 33, 71.

public, duty to pay collections, 51.

disbursing, cannot question Commissioner's decision as to

refunding, 53.

secrecy by, 73, 80.

PARTNERSHIP,

income and gains, how taxed, 14, 17, 60.
returns by, 75.

PATENT,

deducting expenses, 22.

PAYMENT,

under protest, 49.

of assessment, does not bar suit to recover more, 50.
accepting, waives interest, 54.

PENALTIES,

penal laws, how construed, 2.

for neglect to make return, 42, 46, 53.

for wilfully fraudulent return, 42, 53, 77, 80.
notice of, 45.

retrospective legislation respecting, 55-57.
for delay in payment, 58.

upon corporations neglecting to make return, 61.
constitutionality of, 57, 80.

upon public officers violating secrecy, 74.

upon corporations for non-production of books, 87.
PENSION,