 | National Tax Association - Corporations - 1921 - 76 pages
...means " received or accrued ", and the words " received or accrued " shall be construed according to the method of accounting upon the basis of which the net income is computed under this act. 11. The word "resident" applies only to individuals and includes for the purpose of... | |
 | National City Company - Income tax - 1921 - 104 pages
...or incurred" and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212. Personal Service Corporation The term "personal service corporation" means a corporation... | |
 | Alzada Comstock - Business & Economics - 1921 - 260 pages
...the words " paid or accrued ", " paid or incurred " and " incurred " shall be construed according to the method of accounting upon the basis of which the net income is computed under this act. The word " received " for the purpose of the computation of the net income under this... | |
 | New York (State) - Taxation - 1921 - 324 pages
...article, means "received or accrued " and the term " received or accrued " shall be construed according to the method of accounting upon the basis of which the net income is computed under this article. 7. The word " resident " applies only to natural persons and includes for the purpose... | |
 | James Hinton Pou - Corporation law - 1922 - 1032 pages
...act means "received or accrued," and the words "received or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under this act. 13. The word "resident" applies only to individuals, and includes for the purpose of... | |
 | New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1922 - 1182 pages
...meaning fixed by subdivision 6 of section 350 which requires that they " shall be construed according to the method of accounting upon the basis of which the net income is computed, under this article." Section 358 of the Tax Law gives the basis upon which the net income is computed.... | |
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...incurred," and the terms "paid or incurred" and "paid or accrued'' shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212; and (5) The term "personal service corporation" means a cor- t poration whose income... | |
 | Irving Bank. Columbia Trust Company - Income tax - 1923 - 148 pages
...or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212; and (5) The term "personal service corporation" means a corporation whose income... | |
 | United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 256 pages
...or incurred," and the terms "paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212; and (5) The term "personal service corporation " means a corporation whose income... | |
 | North Dakota - Session laws - 1923 - 634 pages
...act, means "paid or accrued" or "paid or incurred," and "incurred" shall be construed according to the method of accounting upon the basis of which the net income is computed under this act. and the term "received or accrued" shall be construed according to the method of accounting... | |
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paid or incurred", dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different period. 
