 | United States. Internal Revenue Service - Income tax - 1936 - 604 pages
...119. CHAPTER IV DEDUCTIONS FROM GROSS INCOME SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing net income there shall be allowed as deductions: (a) Expenses....is not taking title or in which he has no equity. ART. 23(a)-l. Business expenses. — Business expenses deductible from gross income include the ordinary... | |
 | United States, United States. Congress. House. Committee on Ways and Means - Finance - 1936 - 308 pages
...States, see section 119. SEC. 23. DEDUCTIONS FROM GROSS INCOME. In computing net income there shah1 be allowed as deductions : (a) EXPENSES. — All the...is not taking title or in which he has no equity. (b) INTEREST. — All interest paid or accrued within the taxable year on indebtedness, except on indebtedness... | |
 | United States - Session laws - 1939 - 780 pages
...IN GENERAL. — All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable...is not taking title or in which he has no equity. (2) CORPORATE CHARITABLE CONTRIBUTIONS. — No deduction shall be allowable under paragraph (1) to... | |
| |
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 for personal services actually rendered; traveling expenses (including... 
