| Law reports, digests, etc - 1925 - 1112 pages
...term. Section 234 (a) of the Revenue Act of 1918 (Сотр. St Ann. Supp. 1919, § 6336y8pp) provides that "in computing the net income of a corporation...section 230 there shall be allowed as deductions: • • • (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade... | |
| George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...representing profits on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of...tax imposed by section 230 there shall be allowed :1s deductions: (10) In the case of insurance companies, in addition to the above: (a) The net addition... | |
| Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...premiums collected and received by them less amounts paid for reinsurance. DEDUCTIONS ALLOWED SEC. 234.(a) That in computing the net income of a corporation...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| National City Company, United States - Internal revenue law - 1919 - 104 pages
...disposition of goods within the United States. Foreign corporations gross income. DEDUCTIONS ALLOWED. 148. SEC. 234. (a) That in computing the net income of...corporation subject to the tax imposed by Section 230 (par. 124-127) there shall be allowed as deductions : 149. (1) All the ordinary and necessary expenses... | |
| George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...representing profits on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of...corporation subject to the tax imposed by section 2'!0 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred... | |
| Harris, Forbes & co., New York - Income tax - 1919 - 164 pages
...Business Expenses Deductions Allowed. Sec. 234. (a) That in computing the net income of a corporatio subject to the tax imposed by section 230 there shall be allowed as d< ductions : (1) All the ordinary and necessary expenses paid or incurred dm ing the taxable year... | |
| George Edwin Holmes - Excess profits tax - 1920 - 1186 pages
...representing profits on the manufacture and disposition of goods within the United States. DEDUCTIONS ALLOWED Sec. 234. (a) That in computing the net income of...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| Irving National Bank, New York - 1920 - 152 pages
...representing profits on the manufacture and disposition of goods within the United States. Deductions Allowed. Sec. 234. (a) That in computing the net income of...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| United States. Bureau of Internal Revenue - Excess profits tax - 1920 - 346 pages
...branch or agency of a foreign insurance company mist be returned as gross income. DEDUCTIONS ALLOWED. SEC. 234. (a) That in computing the net income of...section 230 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on... | |
| Real Estate Board of New York - Income tax - 1920 - 104 pages
...the term "gross income" means the gross income as denned in section 213 • Deductions Allowed 11 Law Sec. 234. (a) That in computing the net income of...by section 230 there shall be allowed as deductions : ' (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying... | |
| |