A domicile is a home acquired with the intent to remain indefinitely. Learn how your domicile impacts many legal issues, including the taxes you pay. The term Domicile is a core concept under taxation. Get to know the definition of Domicile, what it is, the advantages, and the latest trends here. Domicile, residence, and home state definitions are synonymous, but nuances mean it isn’t a one-to-one trade off. Domicile is a permanent home or place where a person resides with the intention of remaining there for an indefinite period. It is an essential requirement for acquiring Indian citizenship and plays a role in succession and inheritance laws. Learn more about the concept, types, and case laws of domicile.
