Neha sharma (-) 06 March 2021
TDS @ 20.8 is applicable if property held by the NRI is held for more than 2 years.
However, if the property has been held by the NRI for less than 2 years, 31.2% would be the rate of TDS which would be applicable.
Therefore, the tax officer is correct in sending this notice as 31.2% TDS is applicable in such a case.
Josh (Manager) 07 March 2021