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÷nts 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