Page:United States Statutes at Large Volume 47 Part 1.djvu/194

 170 72d CONGRESS. SESS. I. CH. 209. JUNE 6,1932 . REVENUE ACT Or 1932. Net in come comput. ed, p. 178. Credits against tax, p. 185. Accounting, p. 185. pa y- PART II-COMPUTATION OF NET INC OME Sec. 21. Net income. See. 22 . Gross income. See. 23 . Deductions from gross income. See. 24 . Items not deductible. Sec. 2 5 . Credits of i ndividual agains t net income . See: 26
 * Cr edits

of corpo ratio n ag ainst net inco me. PAR T II I-CR EDIT S AG AINS T TAx See.31 . Taxes of for eign coun tries and poss essio ns o f Uni ted State s. See. 32 . Taxes wit hh eld at source. Sec. 83. Erron eous p ayments. PART IV-ACCOUNTING PERIODS AND METHODS Or ACCOUNTING See.41 . Gen eral rule. See. 42. Period in which items of g ross income included. See. 43. Period for which dedu ction s and cre dits taken. See. 44. Installment basis. See. 45. Allocation of income and deductions. See. 46. Change of ac cou nt ing period. Sec. 47. Returns for a period of less t han twelve month s. See. 48. Definitions. Returns and ment, p. 188. PART V-RETURNS AND PAYMENT OF TAX Sec. 51. Individual returns. See. 52 . Corporation retur ns. Sec. 53. Time and place for filing returns. Sec. 54. Records and special returns. See. 55 . Publicity of returns . Sec . 56. Payment of tax. Sec. 57. Examination of return and dbtermination of tax. See. 58 . Additions to tax and penalties. See. 5 9 . Administrative proceedings. Miscellaneous provi- sions, p. 190. See. 61. Laws made applicable. Sec. 62. Rules and regulations. Sec. 63. Taxes in lieu of taxes under 1 928 Act. Effectivedate,p .191, Sec. 65. Effective date of title. Supplemental provi- sions, p. 191. Rates of tax, p .191. SUPPLEMENT A-RATES OF TAB Sec. 101 . Capita l net gains and losses . Sec. 102. Sale of mines and oil or gas wells . Sec. 103. Exemptions from ta x' on corporations. See. 104 . Accumulation of surplus to evade surtaxes. Sec. 105 . Taxable period embr acing years with different laws. Net income compnt- ed, p. 195. SUPPLEMENT B-COMPUTATION OF NET INCOME Credits against tax, p.211. Retu rns and pay. ment, p. 213. PART VI- MISC ELLA NEOU S PR OVIS IONS SUBTITLE C-SUPPLEMENTAL PROVISIONS Sec. 111 . Determination of amount of gain or loss. Sec. 112. Recognition of gain or loss. Se c. 11 3 . Adjust ed basis for det ermining gain or loss. Sec. 114. Basis for depreciation and depletion. See. 115. Distributions by corporations. Sec. 116 . Exclusions from gross income. Sec. 117. Net losses. Sec. 11 8. Loss from wash sales of s tock or securiti es. See. 119. Income from sources within United States. See. 120. Unlimited deduction for chari table and othe r contributions. SUPPLEMENT C-CREDITS A GAINST TAx Sec. 131. Taxes of foreign countrie s and possession s of United Stat es. Sec. 132. Pay men ts under 1 928 Act . SUPPLEMENT D-RETURNS AND PAYMENT Or TAx Sec. 1 4 1. Consolida ted returns of c orporations. See. 142. Fiduciary returns. Sec. 143. Withholding of tax at source. Sec. 144. Payment of corporation income tax at source . See. 145. Penalties. Sec. 146. Closing by Commissioner of taxable year. Sec. 14 7. In form ation at sourc e. Sec. 148. Inf orm at ion by corporations. See. 149. Returns of brok ers . See. 150. Collection of foreign items. Estates and tru sts, S UPP LEM ENT E-ESTATES AND TRUST$ p. 219 . Sec. 161. Imposition oftax. Sec. 182. Net Income. Sec. 168. Credits against net inco me. Sec. 164. Different taxable years. Sec. 166. Employees' trusts. See. 166 . Revocable trusts. Sec . 167 . Income fo r benefit of gra ntor. Sec. 16 8 . Cap ita l net gains and losses . Sec. 169. Net losses. Sec. 170 . Taxes of foreign count ries and possess ions of United S tates.