There are many benefits of filing income tax return: File ITR even if your annual income is less than 2.5 lakhs, it gives easy loan

 Few days are left to file Income Tax Return (ITR) for the year 2021-22. You have to file ITR by 31st July. Many people believe that if their annual income is less than 2.5 lakhs and they do not come under the tax net, then they do not need to file ITR, but it is not so.

Even if you do not come under the income tax net, you should still file returns, because if you file ITR, then it gives you many benefits. Filing ITR makes it easier to get a loan. Apart from this, it is also necessary for visa. We are telling you about the benefits of filing ITR.

Ease of getting loan: ITR is proof of your income. It is accepted by all banks and NBFCs as income proof. If you apply for a bank loan, many times banks ask for ITR. If you file ITR regularly, then you can easily get loan from the bank. Apart from this, you can easily avail other services apart from loans from any financial institution.

Required for Visa If you are going to another country, you may be asked for an income tax return when you apply for a visa. Visa authorities of many countries ask for ITR of 3 to 5 years for visa. Through ITR, they check that the financial status of the person who wants to come to their country is.

If tax has been deducted from your income and deposited with the government for claiming tax refund , you cannot get it back without filing ITR, even if your income is within the basic exemption limit for income tax. If you want to claim tax refund, then it is necessary to file ITR for this. When you file ITR, the Income Tax Department does its assessment. If your refund is made, it is directly credited to the bank account.

Works as an Address Proof: The

ITR receipt is sent to your registered address, which can act as an address proof. Apart from this, it also acts as income proof for you.

It is easy to carry forward the loss

if you invest in shares or mutual funds and you have a loss, then to carry forward the loss to the next year, it is necessary to file income tax return within the stipulated time frame, because next year if you have If there is a capital gain, then this loss will be adjusted against this benefit and you can get the benefit of tax exemption on the profit

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Reliance Industries rises as its arm acquires stake in Vitalic Health and its subsidiaries

Reliance Industries is currently trading at Rs. 2142.95, up by 24.20 points or 1.14% from its previous closing of Rs. 2118.75 on the BSE.

The scrip opened at Rs. 2141.95 and has touched a high and low of Rs. 2150.00 and Rs. 2137.20   respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2198.70 on 27-Jul-2020 and a 52 week low of Rs. 867.45 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2156.50 and Rs. 2070.00 respectively. The current market cap of the company is Rs. 1432705.40 crore.

The promoters holding in the company stood at 50.37%, while Institutions and Non-Institutions held 38.54% and 11.10% respectively.

Reliance Industries’ subsidiary -- Reliance Retail Ventures (RRVL) has acquired equity shares of Vitalic Health (Vitalic) and its subsidiaries for a cash consideration of around Rs 620 crore. The said investment represents around 60% holding in the equity share capital of Vitalic and direct 100% equity ownership of its subsidiaries, viz: Tresara Health (THPL), Netmeds Marketplace (NML) and Dadha Pharma Distribution (DPDPL). RRVL will further acquire equity stake in Vitalic, through a mix of secondary purchase and primary investment, for at least 80% stake by April 2024, with an option to increase to 100% ownership.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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Apollo Hospitals Enterprise Ltd. shares up 0.45% as Nifty gains

Shares of Apollo Hospitals Enterprise Ltd. traded 0.45 per cent up in Monday's trade at 11:07AM (IST). Around 13,923 shares changed hands on the counter.

The stock opened at Rs 1710.0 and touched an intraday high and low of Rs 1726.0 and Rs 1686.45, respectively, in the session so far. Shares of the company of Apollo Hospitals Enterprise Ltd. quoted a 52-week high of Rs 1814.0 and a 52-week low of Rs 1047.45.

Total market cap of the Apollo Hospitals Enterprise Ltd. stood at Rs 23902.4 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 2922.43 crore for the quarter ended 31-Mar-2020, up 0.37 per cent from previous quarter's Rs 2911.74 crore and up 16.92 per cent from the year-ago quarter's Rs 2499.5 crore.

The net profit for latest quarter stood at Rs 219.36 crore, up 158.4 per cent from the same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, DIIs held 8.36 per cent stake in the company, while foreign institutional investors held 46.58 per cent and the promoters 30.82 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 52.54 and a price-to-book ratio of 6.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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Indiabulls Housing Finance Ltd. shares rise 1.82% as Sensex slides

Shares of the Indiabulls Housing Finance Ltd NSE 1.84 %. traded at Rs 218.65 on BSE at 11:21AM (IST) on Wednesday, up 1.82 per cent from previous close.

The scrip quoted a 52-week low price of Rs 81.25 and a high of Rs 625.0.

Earlier, shares of the company saw a opening in the morning.

A total of 890,111 lakh shares changed hands on the counter till 11:21AM (IST).

The stock of Indiabulls Housing Finance Ltd. commands a market value of Rs 9299.74 crore.

The stock traded at a price-to-earning (P/E) multiple of 4.23, while the price-to-book value ratio stood at 0.59. Return on equity (ROE) was at 14.15 per cent, according to exchange data.

In the BSE500 pack, 258 stocks traded in the green, while 242 stocks were in the red.

Promotor Holding

Promoters held 23.43 per cent in the Indiabulls Housing Finance Ltd. as of 30-Jun-2020 while foreign portfolio investors and domestic institutional investors owned 38.28 per cent and 0.17 per cent, respectively.

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