CORPORATION-Continued.
depreciation of, 161 et seq.

assessments in case of, 173 et seq.
refund of tax of, 178 et seq.

COSTS,

of suit, when deductible under old law, 42.

COURTS,

jurisdiction of, 199.

D

DEBTS,

See INDEBTEDNESS.

when deducted from net income, 36, 49, 52, 53, 206.
DEDUCTIONS,

See EXEMPTIONS.

in computing net income, 35 et seq.

in case of individuals, 57, 63, 205.
of normal tax, 83 et seq.

in case of foreign obligations, 87.

corporations, 116 et seq., 154 et seq.
foreign corporations, 120 et seq.

DEEDS OF TRUST,

deduction of normal tax on, 86.

DEPRECIATION

DESCENT,

See WEAR AND TEAR.

income from property acquired by, 15.

DEVISE,

income from, net income, 15.

DISTRICT OF COLUMBIA,

exemptions as to, 103, 104.
included in State, 183.

DIVIDENDS,

when net income, 15, 26-32.
deductions in case of, 36, 56.
when no return of, 63.

when salary of excluded, 38.

duties of, as to collection at source, 83.
EMPLOYER.

duties of, as to collection at source, 83.
ENDOWMENT CONTRACTS,
payments on, not income, 15.

EXCLUSIONS,

in computing net income, 37, 38.

EXCISE TAX,

of corporations, 115, 201.

EXECUTORS,

deductions of, 58.

returns of, 60, 71.

duties of, as to collection at source, 83.

EXEMPTIONS,

See DEDUCTIONS.

of corporations from tax, 102-105, 107-111, 114, 115,
145 et seq.

EXHAUSTION,

See WEAR AND TEAR.

EXPENSES,

when deducted from net income, 35, 40-45.
in case of corporations, 116 et seq., 154 et seq.

FARMERS.

F

returns by, under old law, 34, 35.
deductions by, 40-42, 51.

FOREIGN CORPORATIONS,

provisions as to, 102, 120 et seq., 129 et seq., 147, 149.

FOREIGN OBLIGATIONS,

deduction of tax on, 87.

FOREIGN STEAMSHIP COMPANIES,

See FOREIGN CORPORATIONS.

FRAUDULENT RETURN,

income from, net income, 15, 19, 21.

losses incurred by, 49.

GOOD-WILL,

when not deductible, 42, 161.

GUARANTY,

bonds issued with, 119.

GUARDIANS,

deductions of, 58.

returns of, 60, 71.

duties of, as to collection at source, 83.

H

HOLDING COMPANIES,

provisions as to, 8, 125, 161, 206.

HOTEL BILLS,

when deductible, 42.

HUSBAND,

deductions of, 57, 84, 205, 206.

I

IMPROVEMENTS,

deductions in case of, 36, 54-56.

INCOME,

See NET INCOME.

from business, 18.

See ADDITIONAL TAX; NORMAL TAX.
laws relating to, 1-4.

INCREASE,

in value under old law, 19, 23-25.
of returns by collector, 63.
not taxable, 205.

INDEBTEDNESS,

See DEBTS.

corporate deductions for, 118, 119.

INDIVIDUALS,

See PERSONS.

INJUNCTION,

no remedy by, 73.

INSANE PERSON,
return of, 86.

INSTRUCTIONS,

as to returns, 142 et seq.

INSURANCE,

proceeds of policies of, not income, 15.

when deducted under old law, 42.

provisions as to, 123, 127.

INSURANCE COMPANIES,

duties of as to collection at source, 61, 83.

deductions in case of, 117 et seq.

returns of, 129 et seq.

class of, subject to tax, 145 et seq.

inventories and accounts of, 153, 154.

deductions of, 116 et seq., 154 et seq.
depreciation of, 161 et seq.

INSURANCE COMPANIES—Continued.

assessments in case of, 173 et seq.
refund of tax of, 178.

INTEREST,

when net income, 15, 26-30.

when deducted from net income, 35, 45, 46.
deducted in case of corporations, 118.

JOINT STOCK COMPANIES,

accumulation by, to avoid tax, 8.

duties of, as to collection at source, 61, 83.

returns of, 129 et seq.

class of, subject to tax, 145 et seq.

inventories and accounts of, 153, 154.

deductions of, 116 et seq., 154 et seq.

depreciation of, 161 et seq.

assessments in case of, 173 et seq.
refund of tax of, 178.

JUDGES,

salaries of, when excluded, 38.

L

LABOR,

deductions for, 41.

LAWS,

extension of, 200.

LAWYERS,

returns of, 22, 70, 205, 206.