Terms and Conditions
Last updated: April 14, 2025
1. Definitions
In these Terms, the following definitions apply:
- "Platform" means the VestWise web application accessible at vestwise.in and associated subdomains
- "Company" means Wonderring Technologies Private Limited, the operator of VestWise
- "User" means any individual who registers for and uses the Platform
- "CA" means a Chartered Accountant empanelled by the Company to provide tax filing services
- "Services" means the income tax preparation, computation, and filing facilitation services provided through the Platform
- "ITR" means Income Tax Return as defined under the Income Tax Act 1961
2. Acceptance of Terms
By registering for an account on VestWise, you confirm that:
- You are at least 18 years of age
- You are an Indian resident taxpayer or have Indian income tax filing obligations
- The information you provide is accurate, complete, and current
- You have the authority to upload and share the documents provided on the Platform
- You have read, understood, and agree to these Terms and our Privacy Policy
3. Nature of Services
3.1 Facilitation Platform
VestWise is a technology platform that facilitates communication between Users and Chartered Accountants for the purpose of income tax filing. The Company is not itself a CA firm and does not practice as a Chartered Accountant.
3.2 CA Services
Tax computation, ITR preparation, and filing are performed by independent Chartered Accountants empanelled by the Company. The CAs are responsible for the accuracy of the tax computations and filings they prepare. The Company facilitates the engagement but does not guarantee the outcome of any tax computation or audit.
3.3 AI-Assisted Features
The Platform uses AI (Anthropic Claude) to extract structured data from financial documents and to power the VestWise AI chat assistant. AI extraction results are always reviewed by your assigned CA before any filing action is taken. AI outputs are not tax advice and should not be relied upon as such.
3.4 Assessment Year
Services are provided for assessment years supported by the Platform. Current support covers AY 2025-26. Prior year filings are subject to availability and ITD deadline constraints.
4. User Obligations
As a User of VestWise, you agree to:
- Provide accurate, complete, and truthful personal and financial information
- Upload only documents that belong to you or that you are authorised to share
- Not misrepresent your income, deductions, or any other tax-relevant information
- Review your tax computation carefully before approving it
- Respond promptly to requests from your assigned CA for additional documents or clarification
- Not use the Platform for any unlawful purpose, including tax evasion
- Not attempt to access other users' data or circumvent the Platform's security controls
- Maintain the confidentiality of your account credentials
5. Accuracy of Information
5.1 User Responsibility
The accuracy of your ITR depends entirely on the accuracy of the information and documents you provide. VestWise and the assigned CA rely on the documents uploaded by you. The Company and the CA are not responsible for errors in your ITR caused by inaccurate, incomplete, or misleading information provided by you.
5.2 Document Authenticity
By uploading a document, you confirm that it is authentic and has not been altered. Uploading forged or altered documents constitutes a serious legal offence under Indian law and will result in immediate account termination and may be reported to the relevant authorities.
5.3 Approval
Before your ITR is filed, you will be asked to review and approve the tax computation. By clicking "Approve", you confirm that you have reviewed the computation and are satisfied with its accuracy. Once approved and filed, amendments must follow the ITD's revised return process.
6. Fees and Payment
Fees for the Services are as communicated to you at the time of engagement. Unless otherwise stated:
- Fees are quoted in Indian Rupees (INR) and are inclusive of applicable GST
- Fees are non-refundable once the CA has commenced work on your filing
- If you withdraw from the engagement before CA work has commenced, a refund may be issued at the Company's discretion
- The Company reserves the right to modify its fee structure with reasonable notice
7. Intellectual Property
All intellectual property on the Platform — including software, design, logos, text, and AI models — is owned by Wonderring Technologies Pvt. Ltd. or licensed to it. You may not copy, reproduce, distribute, or create derivative works from the Platform's content without written permission.
The tax computation sheet PDFs generated by the Platform for your filing are provided for your personal use and retention. You may share these with your employer or financial institution as required, but may not resell or represent them as prepared by any entity other than the assigned CA.
8. Limitation of Liability
8.1 No Tax Advice
Nothing on the Platform constitutes legal or tax advice. The VestWise AI assistant provides information based on your filing data and publicly known tax law, but is not a substitute for professional advice on complex tax situations.
8.2 Limitation
To the maximum extent permitted by applicable law, the Company's total liability to you for any claim arising out of or relating to the Services shall not exceed the fees paid by you to the Company in the 12 months preceding the claim.
8.3 Exclusions
The Company shall not be liable for:
- Tax demands, penalties, or interest levied by the Income Tax Department arising from information you provided that was inaccurate or incomplete
- Delays caused by the Income Tax Department's systems or portals
- Loss of data due to circumstances beyond our reasonable control (force majeure)
- Indirect, incidental, consequential, or punitive damages
9. Confidentiality
All financial information you share through the Platform is treated as confidential. CAs empanelled by the Company are bound by professional confidentiality obligations under the ICAI Code of Ethics. The Company does not share your financial data with any third party except as described in the Privacy Policy.
10. Term and Termination
10.1 Duration
These Terms apply from the date you create your account until your account is terminated or these Terms are superseded by a new version.
10.2 Termination by User
You may delete your account at any time from your Profile settings or by emailing support@vestwise.in. Account deletion does not affect filings already submitted.
10.3 Termination by Company
The Company reserves the right to suspend or terminate your account without notice if:
- You breach any of these Terms
- You provide fraudulent or materially false information
- Your use of the Platform poses a legal, security, or reputational risk
11. Governing Law and Disputes
These Terms are governed by the laws of India. Any dispute arising out of or relating to these Terms or the Services shall be subject to the exclusive jurisdiction of the courts of Bengaluru, Karnataka, India.
Before initiating any legal proceedings, the parties agree to attempt to resolve disputes through good faith negotiation. If unresolved within 30 days, disputes may be referred to arbitration under the Arbitration and Conciliation Act 1996.
12. Changes to Terms
The Company reserves the right to modify these Terms at any time. We will provide at least 15 days' notice of material changes via email and an in-app notification. Your continued use of the Platform after the effective date of changes constitutes acceptance of the updated Terms.
13. Miscellaneous
- Severability: If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in full force and effect.
- Entire Agreement: These Terms and the Privacy Policy constitute the entire agreement between you and the Company regarding the Platform.
- Waiver: The Company's failure to enforce any right under these Terms does not constitute a waiver of that right.
- Assignment: You may not assign your rights under these Terms without the Company's written consent. The Company may assign its rights to a successor entity.
14. Contact
For questions about these Terms, contact us at:
Wonderring Technologies Private Limited
Email: legal@vestwise.in
Support: support@vestwise.in
Bengaluru, Karnataka, India