how to calculate house tax on self occupied house when payment of loan
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Quick Summary
This discussion clarifies how to calculate house tax for self-occupied properties, particularly when loan payments are involved. It explains that house tax is generally only eligible for deduction under income tax for let-out properties. The advice is to consult municipal guidelines and circulars for specific assessment values and tax eligibility criteria.
Assesment value has to be made . On the valuers version house tax is assessed.When payment of loan whether it's approval of loan for self construction or repayment-clarify.