 States shall not exceed the same proportion of the tax against which such credit is taken which the taxpayer's taxable income from sources within such country or possession (but not in excess of the taxpayer's entire taxable income) bears to his entire...  Internal Revenue Cumulative Bulletin - Page 245by United States. Internal Revenue Service - 1977Full view - About this book
 | Philippines - Law - 1986 - 492 pages
...amount of the credit in respect to the tax paid or acrued to any country shall not exceed the same proportion of the tax against which such credit is...taken, which the taxpayer's taxable income from sources within such country under this Title bears to his entire taxable income for the same taxable year;... | |
 | United States - Law - 1964 - 1098 pages
...paid or accrued to any foreign country or possession of the United States shall not exceed the same proportion of the tax against which such credit is...taken which the taxpayer's taxable income from sources within such country or possession (but not in excess of the taxpayer's entire taxable income) bears... | |
 | Administrative law - 1967 - 2196 pages
..." 23- 25° Credit for Brazilian Income and profits taxes as limited by percountry limitation 23,250 (b) Overall limitation— (I) General. In the case...sources without the United States (but not in excess of taxpayer's entire taxable income) bears to his entire taxable Income for the same taxable year. (2)... | |
 | Administrative law - 1994 - 756 pages
...accrued (including those deemed to have been paid or accrued other than by reason of section 904(d)) shall not exceed that proportion of the tax against...overall limitation when the taxpayer has derived section 904(0 interest or section 904(f) dividends, see §1.904-4 or §1.904-6. (2) Illustration of principles.... | |
 | Administrative law - 1972 - 634 pages
...(1) General. In the case of any taxpayer who elects the overall limitation provided by section 904(a) (2) , the total credit for taxes paid or accrued (including...sources without the United States (but not in excess of taxpayer's entire taxable income) bears to his entire taxable income for the same taxable year. (2)... | |
 | Administrative law - 1966 - 500 pages
...(1) General. In the case of any taxpayer who elects the overall limitation provided by section 904(a) (2) , the total credit for taxes paid or accrued (including...sources without the United States (but not in excess of taxpayer's entire taxable income) bears to his entire taxable income for the same taxable year. (2)... | |
 | Administrative law - 1977 - 864 pages
...accrued (including those deemed to have been paid or accrued "ther than by reason of section 904(d)) shall not exceed that proportion of the tax against...his entire taxable income for the same taxable year. Special rules which prohibit the applicability of the overall limitation in the case of section 904(f... | |
 | Administrative law - 1978 - 948 pages
...possessions of the United States shall not exceed the same proportion of the tax against which such credit la taken which the taxpayer's taxable income from sources...his entire taxable income for the same taxable year. (b) Election of overall limitation— (l) in general A taxpayer may elect the limitation provided by... | |
 | Administrative law - 1992 - 720 pages
...credit is taken which the taxpayer's taxable income from sources within such country or possession (but not in excess of the taxpayer's entire taxable...For special rules regarding the application of the per-country limitation when the taxpayer has derived section 904(f) interest or section 904(f) dividends,... | |
 | Administrative law - 1990 - 738 pages
...credit is taken which the taxpayer's taxable income from sources within such country or possession (but not in excess of the taxpayer's entire taxable...For special rules regarding the application of the per-country limitation when the taxpayer has derived section 904(f) interest or section 904(f) dividends,... | |
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