INDEX Income Tax-Continued. Common trust funds-----... ... .. ... Consent dividends credit, corporations- Contributions, unlimited deduction for charitable and other- __________. Corporations- Consent dividends credit ---------- Corporate taxes effective for two tax- able years ------ _-- -__---_ Credits of------------- __-- -- -_ _- Distributions by--- _ __ ___ __ ___ _ Dividends paid credit ---------- Dividends paid on certain preferred stock of certain, deduction of__ - Exemptions from tax on-----_ ___ __ - Foreign- Affiliation----------------- Credits against tax -- __----__. - Credits and deductions, allowance of ------------------- Deductions ----------------. . _ Insurance companies
Payment of income tax at source - Payment of tax. -- -
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Returns ----- .. _----------- Tax on---_-----__--__---- Information by--------_ __--- -- Railroad, consolidated returns ----- Returns --
-------- -------
Surtax on, improperly accumulating surplus--------------. . ---. - Tax on- In general -------------- ... .. -- Special classes ------- ....----- Credits against tax- Foreign corporations..- .. . .. . .. .. . . Non-resident aliens..----.......... Overpayments ---------. - -- -- . -- . Taxes of foreign countries and posses- sions of the United States -- - 472, Taxes withheld at source ---------- Credits and refunds -- _ .------------ Cross references ------------------- Deduction, unlimited, for charitable and other contributions --------- Deductions and credits, period for which taken-- .. -- ---......... Deficiencies- Additions to tax in case of-------- Assessment and collection ------ ___ Bankruptcy and receiverships____ Definition ----
___ ___ -_ Jeopardy assessments------- ____- Period of limitation on ----- _. -. Procedure in general -------.--- Statute of limitations, suspension of running of-------------. . Interest on---- .-------.-------- Time extended for payment of------ Departure from United States, addi- tions to tax ...-- ---- ---- ---- --- Pag 51 47 50 47 45 46 49, 46: 501 48( 53: 531 53: 531 53] 51. 531 531 53( 515 508 476 483 455 456 531 529 473 506 472 544 452 506 473 541 534 538 534 537 540 535 540 541 542 54 Income Tax-Continued. Depreciation and depletion, basis for__ Distributions by corporations ------ Dividends paid credit, corporations -_ _ Dividends paid on certain preferred stock of certain corporations, de- drnn.inn nf Page 494 496 468 Anaf Employees' trusts, exemption -------- 518 Estates and trusts- Common trust funds -------------- 519 Credits against net income -------- 518 Different taxable years ------------ 518 Employees' trusts, exemption-----_ _ _ 518 Imposition of tax ----------------- 517 Income for benefit of grantor ---- __ _ 519 Net income, computation --- _--_--- 517 Revocable trusts---------- _ __ _ _ __ _ 519 Taxes of foreign countries and posses- sions of United States -- . ___- 519, 522 Exclusions from gross income----- ____ _ 498 Exemptions from tax on corporations__ 480 Fiduciaries- Claims against -------- _-----_-- - 543 Notice of relationship ------------- 544 Returns ------------------------- 510 Transferred assets----------------- 543 Foreign countries- Credits against taxes of--- __ __ ___ _- Rates of tax on citizens and corpora- 472 tions of certain --------------- 483 Taxes of, allowance of credit -------- 506, 519, 522, 526 Foreign items, collection of---------- . 516 Foreign personal holding companies--- 545 Corporation income taxed to United States shareholders ------------ 549 Definition------------------------ . 45 Gross income -------------------- . 548 Income -------------------------- 546 Information returns by officers and directors; shareholders -----. 516, 551 Penalties ------------------------- 552 Stock ownership ------------------ 547 Supplement P net income ---- ..- -- _ 549 Undistributed Supplement P net income---.----------.------- 548 Gain or loss- Adjusted basis for determining---- _ _ 490 Determination of amount and recog- nition of -- . _______------_ 484, 485 Gains and losses, capital------- _____ 500 Gas properties, tax on sale of -------- 484 Gross income- Deductions ----- ---------------- . 460 Definition----------- ......
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457 Exclusions from-------------. - 458, 498 Foreign personal holding companies.. 548 Insurance companies, computation-. 526 Life insurance companies.-- ---- --- - 523 Non-resident alien - .-- --- -- ,----- 528 Period in which Ite of, Included.. 473
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