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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Rakesh Jhunjhunwala portfolio: These 5 stocks rise up to 23% in one month

 Rakesh Jhunjhunwala stock Federal  Bank has given 23 per cent return in last one month whereas small-cap index has delivered 12 per cent return in this period

These Rakesh Jhunjhunwala portfolio stocks have outperformed Sensex and Nifty in last one month.

Rakesh Jhunjhunwala portfolio:  A big number of retail investors scan portfolio of ace investors to find out value picks. They compare the performance of their stocks and the return given by the key benchmark indices in recent sessions. For such retail investors of the Indian stock market, looking at Rakesh Jhunjhunwala's portfolio stocks might be beneficial. A good number of Rakesh Jhunjhunwala stocks have generated alpha return in last one month.

Here we list out 4 Rakesh Jhunjhunwala stocks that have delivered up to 23 per cent return in last one month:

Federal Bank: The tune of 25 per cent by mid May 2022. However, after the announcement of strong Q1FY23 results, the banking stock has rebounded strongly and climbed to new 52-week high of ₹109.45 apiece levels, paring all the losses it had incurred during the consolidation phase. In last one month, it has surged from around ₹89 to ₹107.50 levels, logging near 23 per cent rise in this time horizon.

Escorts Kubota:  Rakesh Jhunjhunwala added this auto stock in his portfolio during April to June 2022 quarter. In last one year, this tractor maker company's stock delivered sharp upside move till end of November 2021. But, after ushering in December 2021 it started to trade flat and remained sideways till first week of April 2022. From April to June end,, this Rakesh Jhunjhunwala stock remained under sell-off heat. But, in July 2022, Escorts Kubota shares have rebounded strongly giving near 147 per cent return to its shareholders in last one month.

Tata Motors: In last one year, this Rakesh Jhunjhunwala was in uptrend till first fortnight of October 2021. From second fortnight of October 2021, Tata Motors share price started to trade flat and it remained range-bound till February 2022. From March to mid June 2022, Tata Motors stock remained under base building mode. However, in last one month, it has surged to the tune of 15.50 per cent.

Titan Company:Shares of this Tata group company remained sideways from mid-October 2021 to end of March 2022. It started correcting from the last week of March 2022 and went on to nosedive till end of June 2022. However, this Rakesh Jhunjhunwala stock has been in uptrend after ushering in July 2022, delivering 12.50 per cent return to its shareholders.

All these stocks have delivered alpha return in last one month as both Nifty and Sensex have delivered around 7.50 per cent return in last one month. BSE mid-cap index has delivered 11.90 per cent return in this period whereas BSE small-cap index has surged around 12 per cent in this period.

 Check stock trading plateform latest updates, valuation and more. Check eveything you need toknow about by clicking <<<<<<<<<< Stock future tips.

Sensex rallies over 350 points; HDFC, Capital First stocks gain

The Sensex zoomed over 350 points to scale new peak of 34,920 points on the back of positive macro-economic data. Today's gains were led by Bank Nifty, media, metal, FMCG and private bank stocks.

At 11:24 AM, the BSE Sensex was trading at 34,951 up 359 points, while the broader Nifty50 index was ruling at 10,777, up 96 points.

Shares of Butterfly Gandhimathi Appliances were locked in the 5% upper circuit, touching lifetime high, as IDFC Mutual Fund and Standard Chartered Mutual Fund bought stake in the company on Friday.

Shares of Power Grid Corp of India gained 1.5% after the company acquired ERSS XXI Transmission, a special purpose vehicle project, from REC Transmission Projects Co.

The Nifty Bank Index surged 1%, led by gains in index heavyweights ICICI Bank and Axis Bank, which surged 1.3-4%.

The BSE Mid-cap and BSE Small-cap indices were up 0.51% and 0.81%, respectively.

Volatility index India VIX gained 3.96%.

HDFC (+4.4%), ICICI Bank (+3.5%), Tata Steel (+2.3%), Zee (+2.2%) and HPCL (+1.5%) were the top gainers on Nifty50.

Eicher (-1.7%), IndusInd Bank (-0.99%), HCL Tech (-0.83%), ONGC (-0.82%) and Coal India (-0.60%) were the top losers in today’s trade.

Out of 1,954 stocks traded on the NSE, 1,213 advanced, 449 declined and 292 remained unchanged today.

A total of 132 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.
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Top stocks in focus today: Sun Pharma, Sobha, Jaypee Infratech

Tata Motors' total JLR UK sales down 17.3% at 6,195 units vs. 7,487 units (YoY).

The US Food and Drug Administration is expected to begin inspection of Sun Pharma's manufacturing facility at Halol in the second week of February, as per media reports.

Tata Housing and the Lodha Group have filed initial bids for debt laden realtor and road builder Jaypee Infratech, according to a media report.

NBCC has received contract from Ecotourism Development Corporation of Uttarakhand, Dehradun for construction of Kotdwar-Ramnagar Kandi Road amounting Rs2,000cr.

Sagar Cements' December sales up 65% at 2,54,348 million tonnes vs. 1,54,195 million tonnes on yoy basis.

Sobha’s Q3FY18 new sales volumes at 9,33,365 square feet valued at Rs751cr.

Force Motors' December domestic sales at 1,900 units.

Den Networks has entered into an agreement with cable TV distribution company VBS Digital Distribution Network (VBS) for acquiring 51% stake in VBS for Rs2.6cr.

Visa Steel is in discussion with SBI for settlement after the SBI filed an application with National Company Law Tribunal Kolkata to initiate corporate insolvency resolution process for the company under Insolvency & Bankruptcy Code.

Aban Offshore has offered to pay up to $600 million in a one-time settlement to 17 banks to which it collectively owes nearly $2 billion, as per media reports.

Aegis’ LPG unit allots 2.39 lakh shares to Itochu for a total consideration of Rs239.29cr.

Seamec enters into a charter party with GOPL Offshore for charter hire of vessel Seamec III for $2.4 million.

Venus Remedies to consider details of QIP issue on Jan 8.

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Top stocks in focus today: RCom, Sun Pharma, IDBI Bank

ITC said certain individuals and NGOs have filed petition against high court ruling on cigarette warning.

Glenmark Pharmaceuticals has receives ANDA approval for Norethindrone Acetate and Ethinyl Estradiol Tablets USP and Ferrous Fumarate Tablets, 1 mg/20 mcg.

IDBI Bank to terminate rating engagement with Moody’s for MTN program.

Sun Pharma announces that the USFDA has accepted a New Drug Application (NDA), filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution) 0.09%, a novel nanomicellar formulation of cyclosporine A 0.09% in a clear, preservative-free aqueous solution..

The company announced Offer for sale of Share to eligible employees of NBCC (India) Ltd. The overall pool size of shares available to NBCC's employees under Employee Share Sale would be up to 25,16,013 equity shares of face value of Rs. 2/- each ('Equity Shares').

Reliance Communications announced exit from SDR framework with zero write-offs to lenders.

Apollo Tyres which recently raised Rs1,500cr through a QIP, is looking to partially deploy the resources to develop a new greenfield facility in Andhra Pradesh.

Canara Bank board of the bank decided to raise additional equity capital amounting to Rs90cr through QIP route by issuing Rs9cr equity shares of face value Rs10.

Essar Oilfields commenced drilling contract with Mercator Petroleum.

Ortel Communication will transfer its broadband business to its new subsidiary Ortel Broadband Ltd.

Dr.Reddy’s has launched Melphalan Hydrochloride for Injection, a therapeutic equivalent generic version of Alkeran (melphalan hydrochloride) for Injection used in the treatment of certain types of cancer and approved in the US market by the USFDA, as per media reports.

Jindal Steel completed 250 tonne basic oxygen furnace at its Odisha plant.

Srikalahasthi Pipes QIP closed with the issue price fixed at Rs360.5.

Punjab & Sind Bank board of directors has approved raising of equity capital through public issue/ right issue/ QIPs/ preferential issue or any other mode or a combination(s) thereof in one or more tranches up to March 31, 2019.

Prestige Estates will acquire 66.6% in Prestige Projects for Rs324cr.

Yes Bank acquired 5.62% in One Point One Solution as an anchor investor.

Sushmita Kacholia sold 1.28 lakh shares or 0.8% stake at Rs75.53 each of Lokesh Machines.

Asia Investment Corp Mauritius bought 3.74 lakh shares or 1.7% stake at Rs300 each of Vishal Fabrics.

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Nifty reclaims 10,100 mark; Metal, PSU Bank Indices lead

Domestic benchmark indices opened higher today led by gains in shares of banks, energy and automobiles company, and on positive cues from Asian markets.

At 10 AM, the Sensex jumped 181 points or 0.65% at 32,778 while the NSE Nifty gained 58 points or 0.55% to 10,102.

The BSE Midcap index and BSE Smallcap index was up by 0.8%. Both these indices outperformed the Sensex.

All sectoral indices on the NSE were trading in the green.

GAIL (+2.7%), Tech Mahindra (+2.1%), Bosch (+2%), Aurobindo Pharma (+1.8%) and Tata Steel (+1.4%) were the top gainers on Nifty50.

HCL Tech (-0.3%), Sun Pharma (-0.1%), Wipro (-0.04%), TCS (-0.03%) and HDFC Bank (-0.01%) were the top losers in today’s trade.

India VIX dropped 1.64%.

Out of 1,975 stocks traded on the NSE, 1294 advanced, 316 declined and 410 remained unchanged today.

A total of 25 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

IDBI Bank was up 1.28%. The bank said that its board of directors has approved the d sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank.

Hatsun Agro Product was up 2.28%. The company said that the board of directors of the company has considered and approved raising funds for the company by way of issue of securities to the existing equity shareholders of the company on a rights basis aggregating up to Rs900cr.

IRB Infrastructure Developers fell 4% today as the Central Bureau of Investigation has filed a charge sheet with a Pune court against its arm for alleged illegal purchase of government land.

Asian shares hovered near two-month lows as softer oil and copper prices and uncertainty over US policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.

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Market opens in red, Nifty slips below 10,100; RCom down 5%

The benchmark equity indices Sensex and Nifty opened on a negative note on Tuesday ahead of the kickstart of two-day RBI policy review. 

At 9.25 am, the 30-share Sensex was trading 58.87 points, or 0.18 per cent, lower at 32,810. The index was up over 150 points in the morning trade. The NSE barometer Nifty50 index was trading 15.50 points, or 0.15 per cent, lower at 10,112.25 around the same time. 

Investor sentiment was weak after Fitch Ratings pared India’s growth forecast for this financial year to 6.7 per cent from 6.9 per cent estimated earlier citing lower-than-expected recovery in the second quarter. For 2018-19, the credit rating agency has cut the forecast to 7.3 per cent from 7.4 per cent. 

Meanwhile, brokerages were largely expecting a status quo on the policy rate. 

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