Income Tax Services | Mugilan Poonkundran & Co

Income Tax Return (ITR) Services

Complete ITR filing, tax planning, audit, and compliance solutions for individuals and businesses.

Income Tax Return (ITR) Filing

Preparation and filing of ITR Forms (ITR-1 to ITR-7) depending on your category—salaried, business, partnership, or company. We ensure accuracy, timely submission, and maximum eligible deductions.

Tax Planning & Advisory

Strategic advice to minimize tax liability through proper structuring of income, investments, and expenses, while staying compliant with the Income-tax Act, 2025.

Advance Tax & Self-Assessment Tax

Calculation and guidance for timely payment of Advance Tax (Form 280) and Self-Assessment Tax, helping you avoid interest under sections 424/425 of Income Tax Act 2025.

Tax Audit & Reporting

Conducting audits under Section 63 of Income Tax Act 2025 and filing Form 3CA/3CB with Form 3CD, ensuring compliance for businesses exceeding prescribed turnover limits.

Scrutiny & Assessment Support

Professional representation in case of notices including preparation of replies, documentation, and liaison with tax authorities.

Certificates & Other Filings

Assistance with Form 15CA/15CB for foreign remittances, lower/nil deduction certificates under Section 197, and other specialized compliance needs.

Appeals & Litigation Support

Drafting and filing appeals before CIT(A), ITAT, and higher authorities, with complete advisory and representation.

Compliance

TDS Compliance Services

Complete TDS/TCS return filing, correction, and compliance management.

Form 24Q – Salary TDS

We handle quarterly filing of Form 24Q for tax deducted at source on salaries, including preparation and issuance of Form 16 to employees.

Form 26Q – Non-Salary

Accurate filing of Form 26Q for TDS on payments other than salaries, such as contractor fees, professional charges, rent, and interest.

Form 27Q – Non-Residents

Specialized support for filing Form 27Q covering TDS on payments made to non-residents, ensuring compliance with international taxation rules.

Form 27EQ – TCS Returns

Assistance with filing Form 27EQ for Tax Collected at Source (TCS), covering transactions like sale of goods, scrap, or specified services.

Correction & Compliance

We manage TDS return corrections, challan adjustments, and compliance with CPC (TDS) notices to avoid penalties and ensure seamless tax credit reflection in Form 26AS.

Frequently Asked Questions

Who needs to file an Income Tax Return (ITR)?

Income Tax Return (ITR) filing is mandatory for individuals, businesses, and entities earning above the exemption limit. Companies and LLPs must file ITR regardless of income. It is also required for those with foreign income, assets, or claiming TDS/TCS refunds. Even if not mandatory, filing ITR helps with loans, visas, and financial record-keeping.

What is the due date for filing ITR?

For individuals and non-audit cases, the due date is usually July 31st. For businesses requiring audit, it is October 31st. Transfer pricing cases have a deadline of November 30th.

When is a Tax Audit mandatory?

Tax audit under Section 63 of Income Tax Act 2025 is mandatory if business turnover exceeds the prescribed limit or if profession receipts exceed the specified threshold. The audit report must be filed in Form 3CA/3CB with Form 3CD.

What are the penalties for late TDS filing?

Late filing of TDS returns attracts a late fee of ₹200 per day until the return is filed, subject to a maximum of the TDS amount. Additionally, interest @1.5% per month is charged for late deposit of TDS.

What documents are needed for ITR filing?

Common documents include PAN, Aadhaar, Form 16/16A, bank statements, investment proofs (80C, 80D, etc.), capital gains statements, rental income details, and Form 26AS/AIS. Business owners also need P&L and Balance Sheet.

Need Help with Income Tax Compliance?

Our experienced team is ready to assist you with all your income tax and TDS needs.