...in accordance with eection Lib il, a credit is claimed for Income, war-profits, and exeess-profit« taxes paid to a foreign country or a possession of the United Slates, submit Form 1110 with the return, together with the receipts for such payment«. In case credit...

...net income and credit of 12H per cent on capital net loss and excludes credit for income and profits taxes paid to a foreign country or a possession of the United States and credit for income tax paid at source. ! Includes war eicess-profits taxes on $101,249,781 on individuals...

...limit prescribed by section 131 (b) of the bill upon the amount of the credit allowable in respect of taxes paid to a foreign country or a possession of the United States, it is respectfully suggested that the provisions of section 131 (b) of the Revenue Act of 1932 should...

...so that it becomes a statement in support of the election made by a regulated investment company for taxes paid to a foreign country or a possession of the United States. (b) Irrevocability of the election. The election is applicable only with respect to taxable years subject...

...credits relating to income tax paid at source on tax-free covenant bond interest and to income tax paid to a foreign country or a possession of the United States is tabulated throughout this report. These credits are allowed only to those taxpayers who itemized...

...for the allowance of a credit against the United States tax for income, war profits or excess-profits taxes paid to a foreign country or a possession of the United States. These provisions, with amendments, are continued today as section 131, Internal Revenue Code. In general,...

...(a) of the Revenue Act of 1934 (now sec. 131(a) of the Internal Revenue Code), allowing credit for taxes paid to a foreign country or a possession of the United States, should be limited in application only as expressly provided in section 131 (b). This ruling was modified...

...for the allowance of a credit against the United States tax for income, war profits or excess-profits taxes paid to a foreign country or a possession of the United States. These provisions, with amendments, are continued today as section 131, Internal Revenue Code. In general,...

...in accordance with section 131 (a), a credit is claimed for income, war-profits, and excess-profits taxes paid to a foreign country or a possession of the United States, submit Form 1.16 with the return, together with the receipts for such payments. In case credit is sought...

...credit Sections 901 and 904 of the code allow a credit for income taxes paid or deemed to have been paid to a foreign country or a possession of the United States. This credit is applied on a country-by-country basis. There are numerous examples where foreign investments...