Effective 15th July 2022
Thank you for using TaxCryp to calculate and track your tax incidence and liability.. These terms of use (âTermsâ) cover your use and access to our services, software, and websites (âServicesâ). Your agreement is with TaxCryp Technologies Private Limited (âTaxCrypâ, âTaxCryp Entitiesâ, âweâ or âusâ). By using our Services, you are agreeing to be bound by these Terms. If you do not understand or agree to these Terms, please do not use our Services.
For purposes of these Terms, âyouâ and âyourâ means you as the user of the Services. If you are using our Services for an organization, then âyouâ includes you and that organization, and you represent and warrant that (a) you are an authorized representative of the organization with authority to bind the organization to these Terms, and (b) you are agreeing to these Terms on behalf of that organization.
Section 13 contains an arbitration clause. By agreeing to these Terms, you agree (a) to resolve all disputes with us related to the Services through binding individual arbitration, which means that you waive any right to have those disputes decided by a judge or jury, and (b) to waive your right to participate in class actions, class arbitrations, or representative actions in connection with your use of the Services. You have the right to opt-out of arbitration as explained in Section 14.
âAccount Activationâ means the successful completion of the customer registration form to create an Account and the subsequent commencement of a trial or paid subscription (âsubscriptionâ) enabling you to access the Services associated with that Account. An Account is activated from the date the Services are enabled by us.
âAccount Cancellationâ means cancellation of your subscription through our website in accordance with the procedure identified in Section 3 (Subscription Renewals and Cancellations).
âServicesâ means the capabilities delivered via www.taxcryp.com as a part of the subscription including but not limited to all software extensions, third party extensions, modules, add-ins that are provided as a part of the subscription to you, whether provided to you free of charge, or for a charge (as applicable) or under a free trial or a paid subscription and made available online by us, including associated offline and mobile components, as applicable
âSubscriptionâ means access and right to use the Services through a trial or paid Account.
âReferral Partnersâ means any entity or individual that has been officially recognized by TaxCryp to refer Users to its Services, with or without any financial incentive.
You must be 18 years of age or older and reside in India to use the Services. Individuals under the age of 18 are not permitted to use the Services. By using the Services, you represent and warrant that you meet these requirements.
To use certain of our Services, you need to create an account (âAccountâ). You agree to provide us with accurate, complete, and updated information for your Account. Keep your information protected by safeguarding your password to your Account. Make sure to keep your Account information current. Do not share your Account credentials or give others access to your Account. We are not liable for any acts or omissions by you in connection with your Account. You must immediately notify us if you know or have any reason to suspect that your Account or password have been stolen, misappropriated, or otherwise compromised, or in case of any actual or suspected unauthorized use of your Account. You agree not to create any Account if we have previously removed your, or we previously banned you from any of our Services, unless we provide written consent otherwise.
Further, you agree that your use of TaxCryp's platform is for your individual or organisationâs use only and you will be permitted as many transactions as your subscription allows. We reserve the right to monitor account volumes and reach out to request confirmation that such transactions do not go beyond your authorised use. If your Account has over INR one crore (Rs. 1,00,00,000/-) worth of assets under management at a given point in time then additional pricing may apply. We reserve the right to reach out to you to transition to an Enterprise plan and failure to respond or not complying with our request may result in termination of your Subscription.
Billing. If you buy or subscribe to any of our paid Services, you agree to pay us the applicable fees and taxes in INR (Indian Rupees). Failure to pay these fees and taxes will result in the termination of your access to the paid Services. You agree that (a) if you purchase a recurring subscription to any of the Service, we may store and may automatically continue billing your payment method (e.g., credit card and/or debit card) from the date you purchase such subscription Services and on each periodic renewal until cancellation to avoid interruption of such Services, and (b) you undertake to take all necessary actions as may be required under existing or future Reserve Bank of India (RBI) directives to ensure that your subscription remains fully paid up, and (c) you are responsible for all applicable taxes, and we may calculate taxes payable by you based on the billing information that you provide us at the time of purchase and charge tax when required to do so. All subscriptions are payable in accordance with payment terms in effect at the time the subscription becomes payable. Payment can be made by credit card, debit card, or other means that we may make available. Subscriptions will not be processed until payment has been received in full, and any holds on your account by any other payment processor are solely your responsibility. We will not be liable for any consequences emanating from your failure to access or use your Account due to non-payment of your dues.
Subscription Renewals and Cancellations.You agree that if you purchase a subscription, your subscription will automatically renew at the subscription period frequency referenced on your subscription page (or if not designated, then monthly) and at the then-current rates, and your payment method will automatically be charged at the start of each new subscription period for the fees and taxes applicable to that period. To avoid future subscription charges, you must cancel your subscription before the subscription period renewal date by doing the following: You may cancel your subscription within your TaxCryp account, by following the steps laid down for Account Cancellation.
TaxCryp Network. The TaxCryp Network is a network of cryptocurrency exchanges that TaxCryp supports to allow users on network exchanges to use the TaxCryp Service. The TaxCryp Network allows you to (1) connect in-network and other exchange accounts, (2) view tax computations related to in-network transactions, including cost basis assignment relating to deposits onto in-network platforms from other platforms, and You may have to purchase a subscription to purchase additional features. You further acknowledge that TaxCryp is a third-party service and companies included in the TaxCryp Network are not liable for the services provided by TaxCryp.
Changes . We reserve the right to change our subscription plans or adjust pricing for the Services in any manner and at any time as we may determine in our sole and absolute discretion. Except as otherwise provided in these Terms, any price changes or changes to your subscription plan will take effect following reasonable notice to you. If you have an existing active subscription, the new prices will apply to you only on the renewal.
No Subscription Refunds. Except as expressly set forth in these Terms, payments for any subscriptions to the Services are nonrefundable and there are no credits for partially used periods. Following any cancellation by you, however, you will continue to have access to the paid Services through the end of the subscription period for which payment has already been made.
Right to Use Services. We hereby permit you to use the Services for your use or your Organizationâs use only, provided that you comply with these Terms of Use in connection with all such use. If any software, content or other materials owned or controlled by us are distributed to you as part of your use of the Services, we hereby grant you, a personal, non-assignable, non-sublicensable, non-transferrable, and non-exclusive right and license to access and display such software, content and materials provided to you as part of the Services, in each case for the sole purpose of enabling you to use the Services as permitted by these Terms. Your access and use of the Services may be interrupted from time to time for any of several reasons, including, without limitation, the malfunction of equipment, periodic updating, maintenance or repair of the Service or other actions that TaxCryp, in its sole discretion, may elect to take.
Restrictions On Your Use of the Services. You may not do any of the following in connection with your use of the Services, unless applicable laws or regulations prohibit these restrictions or you have our written permission to do so:
When you use our Services, you may provide us with information about your cryptocurrency trades, account balance, and other financial information. By using TaxCryp's Services you consent to deposit and withdrawal information (not trade information) being shared with platforms in which you have linked an account in order to be able to specifically identify transferred assets and properly assign cost basis.
Ownership of the Services. The Services, including their âlook and feelâ (e.g., text, graphics, images, logos), proprietary content, information and other materials, are protected by copyright, trademark, and other India and foreign intellectual property laws. As between us, you agree that TaxCryp owns all right, title, and interest in and to the Services (including any and all intellectual property rights therein) and you agree not to take any action(s) inconsistent with such ownership interests. We reserve all rights in connection with the Services and its content (other than Your Content), including, without limitation, the exclusive right to create derivative works.
Ownership of Trademarks. TaxCrypâs name, TaxCrypâs trademarks, TaxCrypâs logo and all related names, logos, product and service names, designs and slogans are trademarks of TaxCryp or its affiliates or licensors. Other names, logos, product and service names, designs and slogans that appear on the Services are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by us.
Ownership of Feedback. We welcome feedback, comments, and suggestions for improvements to the Services (âFeedbackâ). You acknowledge and expressly agree that any contribution of Feedback does not and will not give or grant you any right, title or interest in the Services or in any such Feedback. All Feedback becomes the sole and exclusive property of TaxCryp, and TaxCryp may use and disclose Feedback in any manner and for any purpose whatsoever without further notice or compensation to you and without retention by you of any proprietary or other right or claim. You hereby assign to TaxCryp any and all right, title and interest (including, but not limited to, any patent, copyright, trade secret, trademark, show-how, know-how, moral rights and any and all other intellectual property right) that you may have in and to any and all Feedback.
Your Content License Grant. In connection with your use of the Services, you may be able to post, upload, or submit content to be made available through the Services (âYour Contentâ). In order to operate the Service, we must obtain from you certain license rights in Your Content so that actions we take in operating the Service are not considered legal violations. Accordingly, by using the Service and uploading Your Content, you grant us a license to access, use, host, cache, store, reproduce, transmit, display, publish, distribute, and modify (for technical purposes, e.g., making sure content is viewable on smartphones as well as computers and other devices) Your Content but solely as required to be able to operate and provide the Services. You agree that these rights and licenses are royalty free, transferable, sub-licensable, worldwide and irrevocable (for so long as Your Content is stored with us), and include a right for us to make Your Content available to, and pass these rights along to, others with whom we have contractual relationships related to the provision of the Services, solely for the purpose of providing such Services, and to otherwise permit access to or disclose Your Content to third parties if we determine such access is necessary to comply with our legal obligations. By posting or submitting Your Content through the Services, you represent and warrant that you have, or have obtained, all rights, licenses, consents, permissions, power and/or authority necessary to grant the rights granted herein for Your Content. You agree that Your Content will not contain material subject to copyright or other proprietary rights, unless you have the necessary permission or are otherwise legally entitled to post the material and to grant us the license described above.
Certain Services may display, use, include or make available content, data, information, applications or materials from third parties (âThird-Party Materialsâ) or provide links to certain third-party websites. By using the Services, you acknowledge and agree that TaxCryp is not responsible for examining or evaluating the content, accuracy, completeness, availability, timeliness, validity, copyright compliance, legality, decency, quality or any other aspect of such Third-Party Materials or websites. We do not warrant or endorse and do not assume and will not have any liability or responsibility to you or any other person for any third-party services, Third-Party Materials or third-party websites, or for any other materials, products, or services of third parties. Third-Party Materials and links to other websites are provided solely as a convenience to you.
Third-Party Materials may include third party Application Programming Interfaces (âAPIâsâ). TaxCryp will use the APIâs to provide the Services, such as for tracking and calculating taxes. You hereby grant us, our affiliates and third-parties we work with a right to access and use APIâs in connection with the Services. TaxCryp encourages users to use only "read-only" API keys. TaxCryp takes no responsibility for any incident that adversely compromises the User or user data, in the even the User uses an API that is more than mere âread-onlyâ. These features require our system to access, use, and store your information. You acknowledge and agree that your usage of our Services provides us permission to conduct these activities, and this permission extends to our affiliates and third parties we work with.
You are free to stop using our Services at any time. If you breach any of the provisions of these Terms, all licenses granted by TaxCryp will terminate automatically. Additionally, we reserve the right to suspend, disable or terminate your access to the Services and/or your Account (or any part of the foregoing), with or without notice, for any or no reason. If TaxCryp deletes your Account for any suspected breach of these Terms by you, you are prohibited from re-registering for the Services under a different name. In the event of Account deletion for any reason, TaxCryp may, but is not obligated to, delete any of Your Content. TaxCryp shall not be responsible for the failure to delete or deletion of Your Content. All sections which by their nature should survive the termination of these Terms shall continue in full force and effect subsequent to and notwithstanding any termination of these Terms by TaxCryp or you. Termination will not limit any of TaxCrypâs other rights or remedies at law or in equity.
To the fullest extent permitted by law, TaxCryp and its affiliates, officers, directors, employees, agents, representatives, Referral Partners, partners, licensors, suppliers and distributors (the âTaxCryp Entitiesâ) make no warranties or representations, either express or implied, about the Services. Your access to and use of the Services are at your own risk. The Services are provided to you on an âAS ISâ and âAS AVAILABLEâ basis. TaxCryp Entities also disclaim all warranties and conditions (express or implied) of merchantability, fitness for a particular purpose, or non-infringement. The TaxCryp Entities make no warranty or representation and disclaim all responsibility and liability for: (a) the completeness, accuracy, availability, timeliness, security or reliability of the Services; (b) any harm to your computer system, loss of data, or other harm that results from your access to or use of the Services; (c) the operation or compatibility with any other application or any particular system or device; (d) whether the Services will meet your requirements or be available on an uninterrupted, secure or error-free basis; and (e) the deletion of, or the failure to store or transmit, Your Content and other communications maintained by the Services. No advice or information, whether oral or written, obtained from TaxCryp Entities or through the Services, will create any warranty or representation not expressly made herein (including but not limited to with respect to any advice or information regarding a userâs estimated tax liability for cryptocurrency transactions). It is recommended that users use a qualified Chartered Accountant (or a professional with equivalent qualifications to undertake a tax computation review) to review their entire tax liability. TaxCryp is not liable for inaccurate tax calculations, estimates, or audits. It is the userâs responsibility to ensure the accuracy of their data and corresponding tax documents and to ensure all of their transactions are uploaded to the Services prior to exporting their tax computation report.
Tax calculations rely on the data that is being provided. It is your responsibility to ensure that all of your trading data is populated into your account and no duplicates are present. Exchanges sometimes make updates to their API's that can change the transactional data in your Account. You should verify your data and reach out to our support team if there are any issues.
THE TAXCRYP ENTITIES TAKE NO RESPONSIBILITY AND ASSUME NO LIABILITY FOR ANY CONTENT THAT YOU, ANOTHER USER, OR A THIRD-PARTY CREATES, UPLOADS, POSTS, SENDS, RECEIVES, OR STORES ON OR THROUGH OUR SERVICES.
To the extent permitted by law, you agree that the TaxCryp Entities will not be liable for:
HOWEVER CAUSED AND UNDER ANY THEORY OF LIABILITY, WHETHER UNDER THESE TERMS OR OTHERWISE, ARISING IN ANY WAY IN CONNECTION WITH THE SERVICES OR THESE TERMS AND WHETHER IN CONTRACT, STRICT LIABILITY OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) EVEN IF THE TAXCRYP ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
IN ANY SITUATION INCLUDING BUT NOT LIMITED TO CIRCUMSTANCES WHERE LIABILITY CANNOT BE EXCLUDED OR LIMITED, YOU AGREE THAT TAXCRYP ENTITIESâ TOTAL LIABILITY TO YOU FOR ANY LOSS, CLAIM, DEMAND, OR DAMAGES INCLUDING THOSE FINALLY AWARDED SHALL NOT EXCEED THE GREATER OF INR 600 OR 100% OF THE AMOUNT YOU HAVE PAID FOR YOUR SUBSCRIPTION. THE FOREGOING LIMITATIONS WILL APPLY EVEN IF THE ABOVE STATED REMEDY FAILS OF ITS ESSENTIAL PURPOSE.
IF YOU HAVE BEEN REFERRED TO USE THE SERVICE BY A THIRD-PARTY REFERRING PARTNER OR OTHER THIRD PARTY (SUCH AS A TAX PROFESSIONAL), YOU ACKNOWLEDGE AND AGREE THAT SUCH THIRD-PARTY SHALL NOT BE RESPONSIBLE OR LIABLE TO YOU IN ANY WAY IN CONNECTION WITH YOUR ACCESS OR USE OF THE SERVICES.
Further, you acknowledge that TaxCryp's customer support agents do not give tax advice. TaxCryp's support team is here to help explain our Services. You agree to not rely on any support communications as investment, legal, or tax advice. You hereby disclaim any claim against the company relating to communications from our support team.
By entering into these Terms and accessing or using the Services, you agree that you shall defend, indemnify and hold the TaxCryp Entities harmless from and against any and all claims, costs, damages, losses, liabilities and expenses (including attorneysâ fees and costs) incurred by the TaxCryp Entities arising out of or in connection with: (a) your violation or breach of any term of these Terms or any applicable law or regulation; (b) your violation of any rights of any third party; (c) your misuse of the Services; (d) Your Content, or (e) your negligence or willful misconduct. If you are obligated to indemnify any TaxCryp Entity hereunder, then you agree that TaxCryp (or, at its discretion, the applicable TaxCryp Entity) will have the right, in its sole discretion, to control any action or proceeding and to determine whether TaxCryp wishes to settle, and if so, on what terms, and you agree to fully cooperate with TaxCryp in the defense or settlement of such claim.
The use of and access to TaxCrypâs software and Services does not create an attorney-client relationship. You should contact your attorney to obtain advice with respect to any particular issue or problem.
Informal Process First. You agree that in the event of any dispute between you and the TaxCryp Entities, you will first contact TaxCryp and make a good faith sustained effort to resolve the dispute through informal discussions, or mediation before resorting to more formal means of resolution, including without limitation, any court action.
Arbitration Agreement. After the informal dispute resolution process, any remaining dispute, controversy, or claim (collectively, âClaimâ) arising out of or relating in any way to your use of TaxCrypâs services and/or products, including the Services, and including without limitation any dispute concerning the construction, validity, interpretation, enforceability, or breach of these Terms, shall be exclusively resolved by binding arbitration, including threshold questions of arbitrability of the Claim, except as permitted herein, upon a partyâs submission of the dispute to arbitration. You and TaxCryp agree that any Claim will be settled by final and binding arbitration, using the English language, administered in accordance with the Indian Arbitration and Conciliation Act, 1996 then in effect. The arbitral panel shall consist of a sole arbitrator selected jointly by the Parties. If parties are unable to mutually agree on the sole arbitrator, then the court of competent jurisdiction will appoint the arbitrator. The arbitrator will have the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a dispute, including the determination of whether a dispute is arbitrable. The decision of the Arbitrator shall be final and binding upon the parties, their successors and assigns. The language for the Arbitration shall be in English and the venue of the Arbitration proceedings shall be at Delhi, India. You irrevocably submit to the personal jurisdiction of and agree that the Delhi High Court will have exclusive jurisdiction to entertain claims, enter judgement on settlements or an arbitral award, and entertain and decide all disputes claims for temporary or permanent injunctive relief, or other issues arising out of or relating to these Terms or your use of the Services.
It is the intent of you and TaxCryp that, barring extraordinary circumstances, arbitration proceedings will be concluded within one hundred and twenty (120) days from the date the arbitrator is appointed. The arbitrator may extend this time limit in the interests of justice. Failure to adhere to this time limit shall not constitute a basis for challenging the award. Except as may be required by law, neither a party nor its representatives may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of all parties to the Claim.
Exceptions. Notwithstanding anything in these Terms to the contrary, TaxCryp will have the right to bring an action in a court of proper jurisdiction for injunctive or other equitable or conservatory relief, or for any tortious or other claim relating to the violation or infringement of any of its intellectual property rights, unfair competition, or misappropriation.
You agree that a breach of these Terms will cause irreparable injury to TaxCryp for which monetary damages would not be an adequate remedy and TaxCryp shall be entitled to equitable relief in addition to any remedies it may have hereunder or at law without a bond, other security or proof of damages.
You agree that you will not export or re-export, directly or indirectly, the Services and/or other information or materials provided by TaxCryp hereunder, to any country for which India or any other relevant jurisdiction requires any export license or other governmental approval at the time of export without first obtaining such license or approval. You agree to indemnify and hold TaxCryp, its officers, directors, employees, representative and personnel harmless for any breach of this requirement.
TaxCrypâs failure to enforce a provision is not a waiver of its right to do so later. If a provision is found unenforceable, the remaining provisions of the Terms will remain in full effect and an enforceable term will be substituted reflecting our intent as closely as possible. You may not assign these terms, any licenses granted hereunder or any of your rights under these Terms, and any such attempt will be void. TaxCryp may assign these Terms, any licenses granted hereunder, and any of its rights or obligations under these Terms.
We may modify these Terms from time to time in which case we will update the âLast Revisedâ date at the top of these Terms. If we make changes that are material, we will use reasonable efforts to attempt to notify you, such as by e-mail and/or by placing a prominent notice on the first page of the Website. However, it is your sole responsibility to review these Terms from time to time to view any such changes. The updated Terms will be effective as of the time of posting, or such later date as may be specified in the updated Terms. Your continued access or use of the Services after the modifications have become effective will be deemed your acceptance of the modified Terms.
The section headings used herein are for reference only and shall not be read to have any legal effect. The Services are operated by us in the United States. Those who choose to access the Services from locations outside the United States do so at their own initiative and are responsible for compliance with applicable local laws. These Terms are governed by the laws of India, without regard to conflict of laws rules, and the proper venue for any disputes arising out of or relating to any of the same will be the arbitration venue set forth in Section 14, or if arbitration does not apply, then the Delhi High Court, or other Delhi Courts.
You may contact us regarding the Services or these Terms at: TaxCryp Technologies Private Limited, 6th Floor, Tower B, Park Centra, Sector 30, NH-8, Gurgaon, Haryana 122002, India; or by e-mail at privacy@taxcryp.com.
Registered Address:90/31B, First Floor, Malviya Nagar, New Delhi 110017
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