• Computation of annual value of self occupied property:- Self occupied property does not generate any rent and its annual value will be determined on a notional basis as if it had been let out. The annual value of Self occupied property is taken as NIL if the property is fully utilized for own residential stay during the year or if the property is not actually occupied as owner and is also not let out. However, if a property is let out for only a part of the year, proportionate annual value will be calculated.


• Entitled deductions for self occupied property:-The only entitled deduction is interest, if any payable, on loan taken for the purchase or construction of the house property

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