Capital gains for crypto when purchase statements are unavailable
I made some crypto investments in 2018 through a platform named Koinex. Later I transferred those to my Binance account (where I made a lot of intra coin trades) and I sold my crypto recently and cashed out into INR using a platform called Wazirx. Now, I have complete statements from Binance and Wazirx, but I do not have the transaction statement from Koinex, where I made the purchase.
So should I calculate my capital gains using my bank statement from that time (to approximate the buying price), is that acceptable?
Asked 2 years ago in Capital Gains Tax
Forgot to add in my original question: I do not have transaction statement from Koinex (the platform through which I made the purchase) essentially because it went out of business, so there is no way I can get the exact information, other than approximating this based on my bank statement. What should I do?
Asked 2 years ago