Tax on amount transferred from USD account to Indian resident account.
Hi,
I am an Indian resident with US assets (since I worked there earlier). I have a normal savings account with an Indian bank (a non NRI one as I am residing in India right now).
Occasionally I do transfer funds from USD to this account. Now, the amount that I transfer to this account is well within the limits of my declared income from foreign sources. Will this create an issue while filing taxes? I am concerned whether this will result in double counting of my income (that is, the amount which I transfer to my local Indian Bank account will be added to my income from foreign sources, even though it is actually the same income).
Also, if I transfer a bigger amount, than what was shown in my tax return as foreign income, will that create issue? Can I claim that it was money that was earned abroad while working there and not part of my annual declared income? Clarity on this will be greatly appreciated.
Thanks
Posted Aug 11, 2026, 11:27 AM UTC