Loss From Let Out Property

Hi,
I have a purchased the house in 2007 and rented out to some company. I need to know since I have rented out the property can I claim full interest u/s 24(b) nad claim the loss aganist my salary income?
Is there any CBDT circular on this in ecent past for the AY 2009-10
Regards

Yes you can claim full interest. You also need to declare rental income as per Income Tax Act.
The loss from House property can be set off against Salary Income.

Thanks for your reply.
Do you have any
1) CBDT circular on this in recent past for the AY 2009-10
2) How do I justify to my Finance Dept to calculate my TDS

You can claim full interest but you would have to calculate loss from house property after considering your rental income for the year.
Further, you can claim the amount of principal repayment as deduction u/s 80C.
To avail the benefit from your Company, you would need to furnish a provisional statement from your lending bank that you have availed a loan from them for the purpose of buying/constructing a house property and separately stating the amount payable towards principal and interest for the financial year.
Hope this would help you.
Thanks & Regards,
Avika Kapoor