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Do You Need to Pay Tax When You Transfer Money to India from Overseas bank?

Do I need to Pay Taxes in India When I transfer money from Overseas bank to India?
Many of my IT friends are working abroad and when you go abroad the first time, you have a lot of queries in your mind, related to NRI status, Taxation in the foreign country, remittance and Taxation in India. One of the most common questions I see is "Do you need to pay taxes in India when you transfer funds from an Overseas bank to Indian Saving account?", the short answer is No, provided you are an NRI, I mean you have stayed more than 182 days abroad in that financial year (31st March to 1st April).
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