Question ID : 42305

Cost of acquisition of property acquired on account of settlement deed as part of Divorce

property was transferred by husband to wife as per divorce agreement and the same is also mentioned in court order. The FMV was mentioned in both settlement deed and court order. what will be the cost of acquisition in the hands of wife on subsequent sale of the said property. Whether FMV as per settlement deed can be taken as cost of acquisition as the transaction not gift, inheritance/succession? Thank you

COST TO PREVIOUS OWNER SHOULD BE HER COST OF ACQUISTION.