Direct Taxes for Startups @ IIM

I was rather surprised at the rather the simplicity by which the session took place. Although I would say that it was not lesser than a crash course into understanding Direct Taxes but really an idea opener.

Like consider the idea of crowd sourcing funds for your startups, wherein the money invested by each person is very low but with the right number, one can generate enough funds to work around the whole gestation period. In thought, it sounds very great but as Prof Sridhar puts it forward, quite straight on the face that the idea in principal is of banking and hence, it will require licensees of the same nature by the RBI and SEBI before you jump into it. What you are intending to do in crowding sourcing funds, is nothing less than taking money from people and using it to pay them 'interest' or 'dividends'.

His quick advises on financials for any startups were a super relievers, I have no words to explain the relief I have to know that I attended the session, the multiple number of traps and compliance issues that could potentially now can be avoided. Like he said, we don't really needed to be an expert to know our way around things, we just need to know enough.

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Comments

Autofan

I have seen quite a few jugaad and that really makes me think how well we really do these smaller inventions through simple things that make our lives better without much. The sheet of paper / cardboard redirects air to the driver and that his way of getting fanned without draining the battery or eat fuel. Just one of the brilliant example of jugaad.

Boston Blast

The media always plays itself to get the most TRP. The game is always been that. I often think that its not for us to decide what is more a loss but its quite apparent in the numbers that Boston is nothing compared to the massacre that was done at Palestine, Iraq and the likes. I wonder not what the media does, I often worry only on why us, the citizens of the world don't see the truth more often.

Bangalore Service Jam 2013

Well, we hosted it again. It was double the fun and double the action. You can say that this time too, there was much that happened and made it bigger and better. We had close to around a 100 participants. Adam and Markus had come over... though a little late. We as a team had done its comeback and together we do stand quit invincibly. I had much to learn this time as well, the model was slightly different from the last one. From a free event to a paid one, though its sounds much too easy its actually too much pain to handle for a free event. The best part was for me in the overall game was the whole new learning area. I have been in service design thinking for now three years, and have core only practised it in India for around 1.5 years. You can say that there is both lack of opportunity and purity of practise in India. So, Adam's small sessions and the time I could get to have a chat around with him and even Markus, were quite a revealing thing for me. Service design tr...

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