I have a prospective Indian client on a reasonably big project (enough to warrant this question). India seems to have a 'TDS' tax on outgoing business payments of 21%, that is to say that any payments made from India to a foreign person or business are taxed at 21%. I am based mostly in Europe but am a director of a couple of companies in other countries.
Are there any effective ways of legally avoiding this? Can it be paid to holding company in another jurisdiction whereby this tax is not applicable or is there a type of tax efficient structure which minimizes this overhead which can be easily setup?
Thanks for any thoughts & advice.