https://www.taxtmi.com/circulars?id=10903 The circular clarifies that the term reserves in the Transfer of Profits to Reserves Rules under section 205(2A) means only free reserves, requiring that amounts treated as reserves for dividend declaration and mandated transfers be unrestricted and distributable. en-us Mon, 19 Jul 1976 00:00:00 +0530 Fri, 17 Jun 2011 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10903 The circular clarifies that the term reserves in the Transfer of Profits to Reserves Rules under section 205(2A) means only free reserves, requiring that amounts treated as reserves for dividend declaration and mandated transfers be unrestricted and distributable. Circulars Companies Law Mon, 19 Jul 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10903