“If you have an idea and the experience to back it up, just go with it. Just make sure you have clearly thought through every possible loophole in your business plan and covered all loose ends – a watertight business plan helps you streamline your day to day actions and is extremely attractive to Venture Capitalists and startup funds. That worked for us, and would probably work for you too.” says Vikram Ramchand, CEO and Co-founder of makemyreturns.com.
Vikram completed his Computer Science degree from Georgia Tech in 2005 and returned to India. Since, he earns some interest income in the US, he still has to file his US Tax Returns (the dreaded 1040) every year. Despite coming from an engineering background, he had never faced any trouble in filing returns or understanding the tax system in the US. That’s because every law and regulation is clearly explained in the millions of online resources available.
In 2011, while Vikram was filing his 1040 NR using an online e-filing service, at his brother Aashish’s tax practice office in Mumbai, he found that most Indians had little control of their taxes & had little access to tax resources.
“There are probably a million people like me in India, who need to have access to tax resources and want to probably take control of their taxes just like I wanted to. I had the knowledge and experience in Computer programming & web technologies and my brother, Aashish – the brilliant Chartered Accountant – was an authority in the tax space with years of experience; a perfect combination to build an online tax filing and planning system for India and there began our journey.“ says Vikram.
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