Mr. A got a property through his father's will made in 1984. Further, a family settlement was
executed in 1996 among Mr. A's family members in which the property was formally declared as
Mr. A's property.
Mr. A sold the property in FY 2014-15.
Query : Can Mr. A get the benefit of cost indexation? Since it was an inherited property there
was no cost incurred by Mr. A. Also, cost of acquisition is not available for the previous
owner (Mr. A's father). Which year should be considered as the year of acquisition of the property for Mr. A.
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