Second property ... owner

Gunavant patil (Querist) 26 June 2018 This query is : Open
Sir,
I am salaried person and having one property (2 bhk flat). Now all home loan cleared of this property. Presently i have book the another flat (2 Bhk) still registration is pending. I am planning to register the second property on my wife name. can you brief me followings:
1. what is benefit in terms of money ?
2. what is benefit in terms of income tax? and which ITR should i have to filled if second property buy on name of wife ?

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