Tax on leased propertyBy / October 16, 2017 Q & A Forum › Category: Real Estate › Tax on leased property 0 Vote Up Vote Down Kudvasridhar asked 9 years ago I am owning a flat want to lease out to my Mom. She is not dependent of me. and she will permitted to rent out the flat to third party, is it permitted under IT rule. 1 Answers 0 Vote Up Vote Down Sreekanth Staff answered 9 years ago Hi ..I believe that it is permitted. Do get the formal Lease Agreement done. Please login or Register to submit your answer Username or Email Address Password Remember Me