kavksatyanarayana (subregistrar/supdt.(retired)) 19 February 2019
You have to pay gift tax. for tax purpose consult local CA.
SIVARAMAPRASAD KAPPAGANTU (Retired Manager) 20 February 2019
The value of the apartment shall be added to the income of your Wife and accordingly, the tax shall be assessed. As already advised by Shri K A V K satyanarayana, you may approach a Chartered Accountant for better clarification.