Page:United States Statutes at Large Volume 49 Part 1.djvu/1694

 74 TH C ONGRESS. SESS. II. CH. 690. JUN E 22, 1936 . 16 49 PART II-COMPUTATION OF NET INCOME Computation of net income, p. 1657. See. 21. Net income. See. 22 . Gross income. See. 23 . Deductions fr om gross income. See. 24 . Items not deductible. See. 25 . Credits of individual against net income. See. 26 . Credits of corporations. See. 27. Corporation credit for dividends paid. PART III-CREDITS AGAINST TAx Cre dits aga inst tax, p. 1666. See. 31. Taxes of f oreign coun tries and p ossess ions of United States. See. 32. Taxes withheld at source. See. 33. Credi t for overp aymen ts. P ART IV -AC COU NTI NG PER IO DS AND Mo rnoDs OF ACCOUNTING Accounting, p .1666. Sec. 41. General rule. See. 42 . Period in which items of gross income included. See. 43 . Period for which deductions and credits taken. Sec. 44. Installment basis. See. 45 . Allocation of income and deductions. Sec. 46. Change of ac count ing pe riod. Sec. 47. Returns for a period of less than twelve months. See. 48 . Definitions. PART V-RETURNS AND PAYMENT OF TAx Returns and pay- me nt, p. 1670. See. 51 . Individual returns. See. 52. Corporation returns. Sec. 53. Time and place for filing returns. See. 54. Records and special returns. Sec. 55. Publicity of returns. See. 56. Payment of tax. Sec. 57. Examination of return and determination of tax. Sec. 58. Additions to tax and penalties. S e e. 59 . Admin istrative procee dings. PART VI-MISCELLANEOUS PROVISIONS Sec. 61. Laws made applicable. Sec.62. Rules and regulations. Sec. 63. Taxes in lieu of taxes under 1934 Act. See. 64. Short title. SUBTITLE C-SUPPLEMENTAL PROVISIONS Supple mental provi. sions, p. 1673 . SUPPLE MENT A-RAT ES Or TAx See.101. Exemptions from tax on corporations. See. 102 . Surtax on corporations improperly accumulating surplus. Sec. 103. Rates of tax on citizens and corporations of certain foreign countries. Sec. 104. Banks and trust companies. See. 105 . Sale of oil or gas properties. SUPPLEMENT B-COMPUTATION OF NET INCOME Sec. Ill. Determination of amount of, and recognition of, gain or loss. See. 112. Recognition of gain or loss. See. 113. Adjusted basis for determining gain or loss. See. 114. Basis for depreciation and depletion. See. -115. Distributions by corporations. See. 116. Exclusions fr om gross inc om e. Sec. 117. Capital gains and losses. See. 118. Loss from wash sales of stock or securities. See. 119 . Income from sources within United States. See. 120 . Unli mited deduc tion f or ch aritab le an d othe r con tribut ions. See. 121 . Deduction of dividends paid on certain preferred stock of certain corporations. 104019"-36--104 Miscellaneous provi- sions, p. 1673 . Rates of tax, p . 1673. Computation of net income, p . 1678.