Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Taxes

Grandfather clause

When a law is modified or a tax treaty is formed or changed, there is a temporary clause that preserves any existing legislation. This clause ensures that the current legislation remains valid until the new modifications or treaty come into effect. This is important to maintain continuity and avoid any confusion or disruption in the application of laws and treaties. It allows for a smooth transition without any interruption in the legal framework. This temporary clause serves as a safeguard to prevent any potential gaps or conflicts in the application of laws and treaties. So, it essentially acts as a bridge between the old and new legislation, providing a buffer period for adjustment.

Explore other categories
All terms and concepts related to stocks, also known as equities, which represent ownership shares i
Learn More
All terminologies and concepts related to financial derivatives, including options and futures contr
Learn More
All terms and concepts related to borrowing money, including different types of loans, interest rate
Learn More
Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
Learn More
All terms and concepts related to insurance, which is a financial arrangement that provides protecti
Learn More
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
Learn More
Trading Terms encompass terminology and phrases commonly used in financial markets, including terms
Learn More
All terms related to various types of organizations or individuals, like investors, banks, insurers,
Learn More
The "Property" category in finance encompasses all aspects related to real estate and tangible asset
Learn More
All terms & concepts related to financial contracts whose value is based on an underlying asset,
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link