News for hackers. Stuff that matters.
Re:Show HN: We want to become India's TurboTax. Feedback? by crazydiamond on Sunday July 24, 2011 @01:28PM (#2799825)
>"no one pays taxes in India"

I and millions more pay taxes. True about black money, though, but those are business people. Salaried people pay taxes at source, we do not get cash at all.

Re:Show HN: We want to become India's TurboTax. Feedback? by amaranand on Sunday July 24, 2011 @02:12PM (#2799940)
And the people who are employed by tiny companies get paid in only cash, and also do not pay their taxes.

I will admit that "no one" is an exaggeration, but India is one of the worst countries I could think of to try and start a product that helps people figure out their taxes.

Re:Show HN: We want to become India's TurboTax. Feedback? by sankara on Sunday July 24, 2011 @02:20PM (#2799957)
Exaggeration and over generalization. You should check with a decent CA on the number of people availing their services to file tax. And just so you know there are 30 million people filing tax returns every year. Quite a low number (in comparison to the population) but definitely not a small market.
Re:Show HN: We want to become India's TurboTax. Feedback? by StavrosK on Sunday July 24, 2011 @02:05PM (#2799920)
So they still don't need this app...
Re:Show HN: We want to become India's TurboTax. Feedback? by sankara on Sunday July 24, 2011 @02:15PM (#2799943)
You still have to file tax returns. There are many reasons for that. Just to state one, capital gains doesn't come under the ambit of TDS.
Re:Show HN: We want to become India's TurboTax. Feedback? by StavrosK on Sunday July 24, 2011 @02:23PM (#2799967)
Hmmm, I'm not sure what this means, but all you have to do in Greece if you're salaried is to go online and fill the box with the amount of money you made last year. Hardly something you'd need an app for...
Re:Show HN: We want to become India's TurboTax. Feedback? by crazydiamond on Monday July 25, 2011 @02:22AM (#2801586)
It's not just salary which is taxed at source. We have Fixed Deposits which are incurring interest which needs to be declared. We may have made donations which need to be accounted for. Most of us hire a chartered accountant to do the filing. Therefore a software could be of use.