Disclaimer

1. No Tax Advice

The information and calculations provided by CryptoITR.com are for educational and informational purposes only. They should not be construed as tax, legal, or financial advice. KCS Creations is not a registered tax consultant, CA firm, or financial advisor. We strongly recommend consulting with a qualified Chartered Accountant or tax professional before making any tax-related decisions or filing your Income Tax Return (ITR).

2. India-Only Applicability

Our Platform is designed exclusively for Indian residents and follows Indian tax laws and regulations. The calculations and guidance provided:

• Are based on Indian tax regulations for Virtual Digital Assets (VDAs) under Section 115BBH of the Income Tax Act, 1961, which imposes a flat 30% tax on income from the transfer of VDAs
• Account for TDS under Section 194S (1% TDS on transfer of VDAs) where applicable based on the data you provide
• Use the FIFO (First In, First Out) method for cost basis calculation, which is the generally accepted approach for crypto taxation in India
• Are not applicable to residents of other countries
• Do not account for tax treaties or international tax obligations
• May not cover all edge cases or complex tax situations

3. Evolving Tax Laws

Cryptocurrency and Virtual Digital Asset taxation in India is a relatively new and rapidly evolving area. Please be aware that:

• Tax laws, rules, and their interpretations may change through amendments, Finance Acts, or judicial decisions
• Guidelines or circulars issued by the Central Board of Direct Taxes (CBDT) may impact the tax treatment of certain transactions
• Regulatory actions by SEBI or other bodies may affect the classification or treatment of certain digital assets
• Different types of crypto activities (spot trading, futures, perpetuals, derivatives, DeFi, staking, airdrops, NFTs) may have different or unclear tax treatments
• Our Platform may not immediately reflect the most recent changes in regulations; always verify with official sources or a qualified professional

4. Calculation Accuracy

While we strive for accuracy in our calculations:

• Results depend entirely on the accuracy and completeness of the data you provide. If you upload incorrect, incomplete, or improperly formatted trade data, the resulting tax calculations will be incorrect.
• Calculations are indicative and not guaranteed to be error-free
• We may not account for all possible deductions, exemptions, or special circumstances
• All results should be verified by a tax professional before filing

5. No Liability

KCS Creations, its directors, employees, and affiliates shall not be held liable for:

• Any errors or inaccuracies in calculations
• Tax penalties, interest, notices, or legal consequences
• Financial losses resulting from reliance on our information
• Decisions made or actions taken based on our calculations or content
• Any differences between our calculations and those of the Income Tax Department

6. User Responsibility

By using our Platform, you acknowledge that:

• You are solely responsible for the accuracy of the trade data you upload
• You are responsible for verifying all calculations independently
• You should consult a qualified tax professional before filing your ITR
• Final tax filing decisions and any consequences thereof are solely your responsibility
• You understand the limitations and risks of relying on automated tax calculations

7. Affiliate Disclosure

CryptoITR.com may contain referral or affiliate links to cryptocurrency exchanges and related services. If you sign up or transact through these links, KCS Creations may earn a commission. This does not affect the price you pay. We disclose this in the interest of transparency. Affiliate relationships have no influence whatsoever on our tax calculations, reports, or recommendations.

8. Acknowledgment

By using CryptoITR.com, you acknowledge that you have read, understood, and agree to this disclaimer in its entirety. If you do not agree with any part of this disclaimer, please do not use our services.

9. Contact

For any questions regarding this disclaimer, contact us at:

KCS Creations
Operating CryptoITR.com
Address: [Registered Address — to be updated before production launch]
Email: support@cryptoitr.com