 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...allowable in computing net income : ordinary and necessary expenses. SEC. 360. Deductions. In computing net income there shall be allowed as deductions: 1. All...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...234.(a) That in computing the net income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions: (1) All the...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Harris, Forbes & co., New York - Income tax - 1919 - 164 pages
...the manufacture and disposition of goods within the United States. Deductions Allowed. Sec. 214. (a) That in computing net income there shall be allowed...in carrying on any trade or business, including a reason, able allowance for salaries or other compensation for personal services [actually rendered,... | |
 | New York (N.Y.). Tax Commission - Taxation - 1919 - 106 pages
...state subject to taxation under this article. ยง 360. Deductions. In computing net income there snail be allowed as deductions : 1. All the ordinary and...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...Compensation mililitary or naval forces. Nonresident aliens gross income. 61. SEC. 214. (a) as deductions: 62. (1) All the ordinary and necessary expenses paid or...including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Accounting - 1919 - 500 pages
...allows as deductions (1) all ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - Reference - 1919 - 430 pages
...as deductions: (1) All ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments required... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...234. (a) That in computing the net income of a corporation subject to the tax imposed by section 2'!0 there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, ineluding a reasonable allowance... | |
 | Ewell D. Moore - Taxation - 1919 - 44 pages
...INCOME. (Sec. 214). 1. All ordinary and necessary expenses paid or incurred during the taxable year in any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered, and including rentals or other payments necessary... | |
 | Alabama - Law - 1919 - 1476 pages
...as deductions: (1) All ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries and other compensation for personal services actually rendered, and including rentals or other payments... | |
| |
That in computing net income there shall be allowed as deductions: (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation... 
