ox1v INDEX. Income Tax, Title II, Revenue Act of Pm- Income Tax, Title II, Revenue Act of P¤B¤· 1924——Continued. 1.924-Continued. income of nonresidents; of sales of real estates and trusts; normal tax credit property in United States .. 273 allowed, if estate income includdeductions from foregoing to con- ed with beneiiciary’s, proporstitute net income 273 tional share of credits allowed-, 276 items treated as from sources without computation of income if taxable the United States; other interest 274 year of beneficiary and estate dividends from other than United differ 276 States corporations 274 proit-sharing trusts for employees personal services without United . not taxable ... 276 States ... 274 distributes taxed on amount rerentals, rogalties, etc., from prop- ceived, or credits allowed .. 277 erty wit out the United States- 274 income from revocable trusts insales of real property without the eluded in income of grantor ..__ 277 United States 274 where trust income may be used for after deducting expenses, etc., re- benefit of grantor, to be included mainder deemed net income from in computing his income ... 277 without the United States .. 274 corporations formed to accumulate apportionment of items within and gains, etc., to prevent surtax on without the United States .. 274 its shareholders ... 277 from sources allocated to United tax imposed in addition to corpora- States ... - ... 274 tion tax - 277 from partly within and partly payment, etc., same as for income without the United States . 274 tax .. 277 determination of United States in- evidence of purpose, if a mere holding come .. - . 274 company ... .. 277 gains from transportation partly detailed statement of gains, etc., rewithin and partly without the quired- .. 277 United States 274 meaning of "net income," as here · sales of personal (property pur- used 277 chased within an sold without, payment of tax at source of nonresident or produced without and sold aliens; exceptions . 277 within ,... --- 274 rates imposed .,.. 278 above treated is partly within and interest of unknown owners included- 278 partly without the United States 274 by corporations guaranteeing interest gains, etc., treated as derived from free from tax 278 sources of country within which rate, etc ... 278 sold ..._. 274 interest, etc., of unknown owners- 278 interchangeable meaning of words-- 274 exception if citizen or nonresident returns to be filed of all income from alien filed notice of credits, etc-- 278 United States sources --.-..--- 275 returns, etc., required; liability inpersonal exemptioii claims may be demnincation, etc . 278 filed with withholding agent--- 275 recipient to make returns of inpartnerships; tax levied only on indi- come, if tax paid by recipient not viduals constituting -...-.- 275 recollectible from withholding computation of shares of net in- agent ...----.-. - 278 come of ...--. 275 credit for income, etc., taxes paid by credits from of partnership exemp- citizen to foreign countries, etc- 279 tions, etc ..-..-.-.-..-..---.- 275 by residents, to United States poscomputation of net income; gifts, etc, A session -----..--..-.-..-- 279 not deducted -.--.--,- 275 by alien residents, etc., to foreign estates and trusts, property subject to country ..-.--..-. 279 normal and surtax on income-- 275 by partners, beneficiaries, etc., to accumulations in trust for future dis- foreign countries, etc ----..---- 279 tribution -----.-.-.-.-.---.-,- 275 exceptions and limitations -.---. 279 periodical distribution, etc., under redetcrmination if tax paid above general direction ..-.---.-.---- 275 credits claimed, etc.; refund, etc- 279 received during administration--- 275 if accrued but not paid; bond repayments by iiduciary --.--- 275 quired ...- -..- 279 net income computed as for individu- may be taken in the year tax accrued- 279 als -------------.----.------- 275 evidence of foreign income, etc., reallowance for gifts, etc., without quired --- - ..----- 279 limitation ...---..-.-- 276 returns by individuals ..-...----- 280 additional deduction for current by husband and wife living todistribution to beneficiaries; re- gether -..-. - .--.----. 280 strictions ..-- 276 by agent, guardian, etc ..---- 280 discretionary payments to benefi- partnerships .---.--...-- - -------__ 280 ciaries deducted ----.----. 276 iiduciaries for designated benefiincluded in net income of beneii- ciarics, etc ---.-------------,_ 280 ciary -..- 276 joint Educiaries --... - . 280 normal tax credit allowed; addi- for less than 12 months when actional if income not used for counting period changes ..- 281 paying bene§ciary’s income -.-- 276 computation of tax- -__,_-----, 281
