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Meesho's logistics unit Valmo helped 10,000 partners file tax returns
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Business Standard
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Meesho's logistics unit Valmo helped 10,000 partners file tax returns

The logistics unit of the e-commerce company Meesho, Valmo, launched an initiative aimed at simplifying and increasing the accessibility of filing Income Tax Returns (ITR) for its delivery partners. The program aims to assist partners in understanding and fulfilling their relevant tax obligations, claiming refunds for excess Tax Deducted at Source (TDS), and establishing an official financial history.

Since the program's launch in July, 10,000 Valmo partners have initiated their ITR filings, and so far, a refund claim amounting to 2 crore rupees has been submitted. Notably, nearly 70 percent of those who started filing are first-time filers.

This program is particularly relevant for couriers, including motorcycle riders, as taxes may have been deducted from their payments throughout the year. Filing an ITR allows partners to receive a refund if the deducted tax exceeds their final tax liability. Furthermore, completing the declaration creates an official record of income, which can aid in establishing a documented earning history when applying for financial services.

Meesho's Chief Financial Officer, Dinesh Bansal, stated: 'As the Valmo network grows, we strive to make ITR filing simpler and more accessible for our partners, helping them claim tax refunds and enabling them to build an official financial record that can support their long-term financial aspirations.'

To ensure easy access to the filing process, Valmo utilized WhatsApp and its internal Learning Management System, disseminating messages in seven languages: English, Hindi, Tamil, Telugu, Kannada, Marathi, and Bengali. Partners could directly transition to the ClearTax platform via these communications to begin their ITR filing, with support available throughout the entire process.

The ITR filing program is part of Valmo's broader efforts to create meaningful economic opportunities for individuals and small businesses within its logistics network. By helping partners navigate formal procedures such as tax reporting, Valmo seeks to complement the earning opportunities available through its network with broader access to the formal financial ecosystem. As the Valmo network expands, it will continue to seek ways to support the financial well-being and long-term economic participation of its partners.

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Returns in REITs: Benefits from Unit Price Appreciation Alongside Rental Income
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www.aajtak.in

Returns in REITs: Benefits from Unit Price Appreciation Alongside Rental Income

Real Estate Investment Trusts (REITs) are rapidly evolving from investments that only provide regular income to those that offer overall returns. According to a recent sector report titled 'REIT Sector Note Aug'26', approximately 65-70% of the return of Indian listed REITs over the past twelve months was derived from unit price appreciation, while the remaining return came from distributions made to investors.

It is important for investors to understand this distinction. The structure of REITs is designed so that they regularly distribute a portion of the rent and operating income received from their properties to investors. Additionally, investors can earn capital gains when the price of the REIT unit increases in the stock market.

The report states that Indian listed REITs have registered growth in both income and unit price, with about 65-70% of the return over the last 12 months coming from price appreciation. This analysis does not include Knowledge Realty and Bagmane REIT, as both were recently listed.

Even though price appreciation contributed more to recent returns, the regular distribution received by investors remains one of the key features of REITs. Among the older and established listed REITs included in the report, the average annual distribution yield for several platforms has been around 6.8% to 7.5%.

This implies that investors can receive two types of returns from REITs: first, regular cash distributions from rent and other income generated by the properties; and second, capital gains resulting from the increase in the market price of the REIT unit.

There are several potential reasons for the increase in REIT prices, including rising rental income, high occupancy rates in properties (i.e., more spaces being rented out), increasing property values, and expectations of future portfolio expansion. REITs are also acquiring new properties with the aim of expanding their portfolios. For this, they are buying selected properties from the market as well as properties of their sponsors.

According to the sector report, there is good potential for asset expansion in this sector, with factors such as sponsor properties, selective acquisitions, and relatively low debt proving beneficial. For instance, the report indicates that Nexus Select Trust has recorded an approximate Compound Annual Growth Rate (CAGR) of 16% since its inception, along with continuous distributions to investors.

The size of the REIT market has also grown significantly, strengthened by the increasing participation of institutional investors, growing portfolios, and increased awareness among investors.

Given the potential for both regular income and capital gains, REITs are no longer viewed merely as fixed-income investment options but are now considered an important part of an investment portfolio. However, investors must keep in mind that the total return can change with the current market conditions. Unlike regular distributions, there is no guarantee of an increase in the unit price. Therefore, the August 2026 sector report suggests that when evaluating a REIT, consideration should be given not only to the income or distributions received but also to the changes in the unit price.

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