BASICS OF INCOME TAX (UPDATED BY FINANCE ACT 2015)

If anybody wants to know the very basic of Income tax then this attached video will be of great help. This video describes not only about the basic things but also about the basics of Law, for eg. How the law is created, who creates the law or what is the process of formation of law. These are the basic question which normally remained unanswered even after studying the law without understanding its basics.