NRI - money transfer to india?

[cool.dudehere]

i am currently working overseas. if i transfer my money from overseas to my indian residential account ( not NRE), do i need to pay any tax on the money transfer. I know that the earning on that money will be taxable but is principal taxable.
As i got the impression from the answers posted here. The money transferred to residential account will be not be taxable but income earned from it will be taxable. please confirm.

[morpheusneo1971]

As per law you are not allowed to hold a resident account once you have NRI status. YOu need to open an NRE or NRO account quickly.

As for transfers they are not taxable. But if you further invest in any taxable papers like stocks, FDs etc then obviously they wll be taxed.

PEACE!

[iqst2000]

No, the priciple is N O T taxable.