Q: What are the taxes paid by company ?

Ans: Types of taxes paid by company: 

A company is an artificial person, so company will also pay taxes and the taxes paid by a company will be direct tax as well as indirect tax. 

There are two types of taxes.

1. Direct taxes

2. Indirect taxes

1.Direct taxes:  The taxes which are paid by assessee himself  are the direct taxes. E.g.,  Income tax, wealth tax, Gift tax ,etc.

2. Indirect taxes: The taxes which are not paid by assessee himself are Indirect taxes. E.g., G.S.T(Goods and services tax), custom duty, etc.

An assessee which is company here pays more indirect taxes as compared to direct taxes. Thus, indirect taxes generate more income for the government. 

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