Residence in India for the purpose of the Income-tax Act   The income-tax liability of an assessee is calculated on basis of his total Income. What is to be included in total income of assessee is greatly influenced by his residential status in India. An assessee can be categorized as a resident in India or a non-resident in India during the previous year. Further, if the assessee is an individual or a HUF and he is resident in India, his residential status is further sub-classified as a resident and ordinarily resident or resident but not ordinarily resident. The residential status of a person is categorised into the following categories: Individual When treated as a resident? When treated as a resident but not ordinarily resident? Indian Citizen visiting India having income* < Rs. 15 lakhs If his period of stay in India during the current year is 182 days or more   •  If the period of stay in India is 729

Time limit for issuing different income-tax notices and completion of the assessment   Section Nature of Assessment Time Limit To serve/ issue notice For completion of the Assessment Section 143(1) Summary Assessment - Within 9 months from the end of the financial year in which the return is furnished Section 143(3) Scrutiny Assessment Notice to be served within 3 months from the end of the financial year in which return is furnished Within 12 months 1  from the end of the Assessment Year in which income was first assessable * Section 144 Best Judgment Assessment - Within 12 months 2  from the end of the Assessment Year in which income was first assessable * Section 147 Re-assessment Notice to be issued within 3/10 years from the end of the relevant assessment year in wh