Transfer of rental income to mother for maintenance

If the property is in your name, the rent agreement will also be between you and the tenant. The rental received will be taxable in your hands, however, you may prepare a gift deed wherein you will transfer the rental income in favor of your mother.

I was told , a Joint rental agreement which shall be registered at the sub-registrar would help in transfering the rental income as maintenance amount to mother, there by the same could be made available to pay her EMI

Comments Please

Regards

Thanks

Javeed