Integrability spaces for the Fourier transform of a function of bounded variation

New relations between the Fourier transform of a function of bounded variation and the Hilbert transform of its derivative are revealed. After various preceding works of the last 25 years where the behavior of the Fourier transform has been considered on specific subspaces of the space of functions of bounded variation, in this paper such problems are considered on the whole space of functions of bounded variation. The widest subspaces of the space of functions of bounded variation are studied for which the cosine and sine Fourier transforms are integrable. The main result of the paper is an asymptotic formula for the sine Fourier transform of an arbitrary locally absolutely continuous function of bounded variation. Interrelations of various function spaces are studied, in particular, the sharpness of Hardy's inequality is established and the inequality itself is strengthened in certain cases. A way to extend the obtained results to the radial case is shown.