Public utility income-when exempt... . . . 45 Special deductions allowed insurance companies 48 Life insurance in favor of corporations...... 48 Deductions allowed foreign organizations..... 49 Deduction of tax at the source. 50 As applied to foreign organizations "Tax free" covenants in corporate bonds..... Accounting systems for corporations.. Corporate fiscal year its tax year.. Annual return of income.. When filed Extension of time for filing Where filed Made by receivers, trustees and assignees 54 Assessment and payment of tax... General Provisions Act of 1913 repealed.. Inspection of returns-when authorized.... In what cases made by Collector Collector notified who represents estate... Tax When payable Discounts and penalties Tax on gift or trust in contemplation of death Fines and other penalties Lien for taxes follows estate-exemptions..... Tax paid from estate before distribution..... Specific or personal exemption allowed............ Annual return of income Assessment and collection of tax.. General administrative provisions On Corporations Organizations subject to tax Rate of tax |