2. Please avoid There are a few financial transaction which a HNI should avoid at all times. They may add to the tax burden (which already will be high) or be a negative cash flow.
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4. Stock / Commodity Trading Both attract short-term Capital Gains tax as an Amateur - YOU. Beneficial for a Professional trader Shares considered as stock-in-trade Trading Income should be the Prime Income
5. Car Loan / Personal Loan(This does not apply if you are a Consultant) A car loan adds interest to an item which depreciates over time (whether used or not).
6. Fixed Deposits The interests will add to your tax burden. The interests anyway are low. Not recommended except for Retired Senior Citizens (> 65 years old).