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Minor American born person of Indian origin card Indian I.t laibi
by Edupuganti subbarao on Sep 30, 2011 11:38 PM

minor American citizen by birth with p.o.I card,how Indian I.t rules applicable
Bank a/c opening and income on fixed deposits,tds
Mutual funds short term/long term gains&dividents
Income earned how much exempted or will it clubbed to any parent/ guardian income for I.t assessment
Grand father can act as guardian for all financial transactions including incom tax rules and acts
Most crucial financial issue if proper guidelines and advise will clear and attract large funds flow nri/persons of Indian origin toMOTHER LAND INDIA PROSPERITY

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For NRI, Rs 150K of income is tax free