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Is foreign inward remittance to self taxable?

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Gus C

Taxpayer

21 Points Posted on 24 December 2023

I am an Indian citizen and was working and living in the US for many years. I am visiting India for some time and qualify under the RNOR category.

I have been transferring money for my personal, day-to-day use from my US bank account to my India bank account. I have already paid taxes on this money in the US.

Do I owe any taxes in India on this inward remittance? I have no India based income.

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Quick Summary

This discussion clarifies whether foreign inward remittances sent to India are subject to tax. The user, an Indian citizen residing in the US and currently in India under RNOR status, has been transferring funds from their US bank account for personal use. They have already paid taxes on this income in the US and have no Indian-based income. The consensus is that foreign inward remittances are generally not taxable in India, especially when the income has already been taxed in the source country.