Get Form No. 20 Declaration To Be Filed Before The Awarder By ... - Keralataxes

Filling out the FORM NO. 20 declaration is a crucial step for contractors to ensure the correct deduction of tax at source (TDS) for works contracts. This guide provides a straightforward approach to help you complete this essential document efficiently.

Follow the steps to complete the form accurately.

1. Click the 'Get Form' button to access the form and load it for editing. This will allow you to view and fill out the necessary fields.
2. Begin by entering the required Sl. No, Date (DD/MM/YYYY) and Tax Identification Number (TIN), Personal Identification Number (PIN), and Company Identification Number (CIN) fields.
3. Indicate your status as a 'Payer' by selecting the appropriate option. Ensure you mark it's a tax payer.
4. In the section addressed to the Awarder, include their name and address. Make sure this information is accurate.
5. Fill in the sections pertaining to the works contract including the Work Order Number and Date, the Work Site Address, and the Gross Value of Contract.
6. Provide details regarding the payments in relation to the declaration, including any progressive payments already received.
7. Calculate and enter the Total Assessable Value of the works contract as well as the Taxable Value.
8. Enter the VAT amounts due at different rates (4% and 12.5%) based on the taxable value of the works contract.
9. Sum the VAT values to reflect the Total VAT due and any other applicable tax deductions as indicated in the form.
10. Complete the declaration section by affirming that the information provided is truthful and accurate. This section requires the signature of an authorized person.

Complete your FORM NO. 20 declaration online today and ensure compliance with tax regulations.