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.