Transferring house to wife

Dhiraj godghate (Others) (36 Points)

18 April 2014  

Dear sirs,

My commercial property valve 45 lacs,

Can i sell this flat to my housewife for 5 /10 lacs rupees ?,

Reason :Rental income coming from this property is taxed to me for 30 % ?

Any other suggestions to avoid this 30 % Income tax.

Waiting for ur valuable suggestions.....