You may set off business loss against house property income or income from other sources, if any. If set-off is not possible, then such loss can be carried forward to be set off in the subsequent year. Brought-forward business loss can only be set off against business income.ny loss from such transactions is not be eligible for set-off or carry-forward. Hence, if your loss in the stock market is considered as business loss, then it is covered by loss and profit or gain in business against salary income.
California Tax Rates. The California sales tax rate is currently 6.0%. However, California adds a mandatory local rate of 1.25% that increases the total state sales and use tax base to 7.25%. Depending on local municipalities, the total tax rate can be as high at 9.75%. Food and prescription drugs are exempt from sales tax.
The latest sales tax rate for Los Angeles, CA. This rate includes any state, county, city, and local sales taxes. 2017 rates included for use while preparing your income tax deduction. CA Rates | Calculator | Table Los Angeles, CA Sales Tax Rate The current total local sales tax rate in Los Angeles, CA is 9.500%. The December 2017 total local sales tax rate was also 9.500%.