Par 18, 25 7,8 Business leagues, exempt_---- 11 1 30, 32 ------ 1 Capital stock, defined.------- Activities of new corporation ---- Significance of term------- 18, 24 Chambers of commerce, exempt------ 18, 25 Civic leagues, exempt-- 18, 25 Claims for exemption-- , 30, 32 Claims for refund, limitation of. --- 43 Olaims of not doing business, how supported Corporation, defined - 2,3 Corporations, exempt_ ------- 18, 19, 20, 80 Collection by distraint---- ------ Authority to seize property-- May make return, when------ -----------Common law trusts_-------- ---Computation of tax: Domestic corporations Foreign corporations. Associations---------------------- ------- Application of law to---- Foreign defined.-------- 1 1 Date of the allowance of the refund, defined --------------- --- 10, 11 Page 44 11 Definitions : Additional assessment- 3 10 e-------- Stock Taxable year... United States_. Application of law to------ 37 Educational organizations, exempt --- Agricultural organizations-- Page ! 18, 23 18,24 19, 27 18, 24 18, 23 1 1 Hxempt corporations Continued. Credit unions_- Voluntary employees' beneficiary associations_-----thxemption : Claims for- --------- 7, Procedure when claim is rejected ---- 19, 26 19, 26 19, 26 19, 26 18, 23 1 1 1 ---------- 20.30. 11 Hallure to file return on time, penalty------- Carrying on or doing business in United States illustrated-------- 1 Initial returns required of exempt corporations.---- --------- 21, 80, 81 Instrumentalities of the United States------ ------ 20 Illustrations : Carrying on or doing business - tions_ Not carrying on or doing business. Income tax taxable year defined ----------- --------------- 10 Inspection of returns 35, 36 Interest and penalties 87, 88, 39 Authority to administer oaths--- 43, 44 M ------ 1 1 Parent corporation, defined---- Application of law to_------ Pennsylvania limited- For failing or refusing to surrender property rights 11 |