ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Unit Trust Maintains Progress

nounced a dividend of 7 per cent to the unit holders for the year ended June 30, 1967, the same as was paid for 1965-66. Since dividend income from units up to Rs 1,000 is free from income-tax, irrespective of the other income of the unit holder, the gross dividend works out to 8.97 per cent per annum, where tax is deducted at the standard rate.

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