Can an individual sell gold directly to his friend?
If Yes than under what documents it should be sold?
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Selling Gold to Friend
Replies (2)
Yes, why not!
All you need to do is just create a simple sale deed and you could sale that without any legal trouble. If the payment is from bank account it would be even more good.
All you need to do is just create a simple sale deed and you could sale that without any legal trouble. If the payment is from bank account it would be even more good.
yes you can but since the gold ornaments are categorised as capital asset, capital gains will attract depending upon the holding period
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