Self-occupied property exception: property may be treated as self occupied and annual value nil if owner cannot reside due to employment. A property not occupied by the owner for residence is not ordinarily self-occupied, but it may be treated as self-occupied with annual value Nil if the owner owns the property, cannot occupy it due to employment, business or profession at another place where he resides in non owned premises, the property (or part) is not actually let out at any time during the year, and no other benefit is derived from the property.