74 TH C ONGRESS. SESS. II. CH. 690. JUN E 22, 1936 .
16 49 PART II-COMPUTATION OF NET INCOME
Computation of net income, p . 1657. See. 21. Net income. See. 22 . Gross income. See. 23 . Deductions fr om gross income . See. 24 . Items not deductible . See. 25 . Credits of individual against net income . See. 26 . Credits of corporations . See. 27. Corporation credit for dividends paid . PART III-CREDITS AGAINST TAx
Cre dits aga inst tax, p . 1666. See . 31. Taxes of f oreign coun tries and p ossess ions of United States. See . 32. Taxes withheld at source . See . 33. Credi t for overp aymen ts . P ART IV -AC COU NTI NG PER IO DS AND Mo rnoDs OF ACCOUNTING
Accounting, p .1666. Sec . 41. General rule. See. 42 . Period in which items of gross income included . See . 43 . Period for which deductions and credits taken . Sec. 44 . Installment basis. See. 45 . Allocation of income and deductions . Sec. 46 . Change of ac count ing pe riod . Sec. 47 . Returns for a period of less than twelve months . See . 48 . Definitions. PART V-RETURNS AND PAYMENT OF TAx
Returns and pay- me nt, p. 1670. See. 51 . Individual returns . See . 52. Corporation returns . Sec. 53 . Time and place for filing returns . See. 54. Records and special returns . Sec. 55. Publicity of returns . See . 56. Payment of tax. Sec . 57. Examination of return and determination of tax. Sec . 58. Additions to tax and penalties. S e e . 59 . Admin istrative procee dings . PART VI-MISCELLANEOUS PROVISIONS Sec. 61 . Laws made applicable. Sec.62 . Rules and regulations . Sec. 63 . Taxes in lieu of taxes under 1934 Act. See. 64. Short title . SUBTITLE C-SUPPLEMENTAL PROVISIONS
Supple mental provi . sions, p . 1673 . SUPPLE MENT A-RAT ES Or TAx See.101. Exemptions from tax on corporations . See. 102 . Surtax on corporations improperly accumulating surplus . Sec. 103 . Rates of tax on citizens and corporations of certain foreign countries . Sec. 104 . Banks and trust companies . See. 105 . Sale of oil or gas properties . SUPPLEMENT B-COMPUTATION OF NET INCOME Sec . Ill. Determination of amount of, and recognition of, gain or loss . See. 112. Recognition of gain or loss . See. 113. Adjusted basis for determining gain or loss . See . 114. Basis for depreciation and depletion . See . -115. Distributions by corporations . See. 116. Exclusions fr om gross inc om e. Sec. 117. Capital gains and losses . See. 118. Loss from wash sales of stock or securities . See. 119 . Income from sources within United States . See. 120 . Unli mited deduc tion f or ch aritab le an d othe r con tribut ions . See. 121 . Deduction of dividends paid on certain preferred stock of certain corporations. 104019"-36--104 Miscellaneous provi- sions, p. 1673 . Rates of tax, p . 1673. Computation of net income, p . 1678 .
