Gold purchase from amazon gv

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Kindly suggest will there be any questions if i use gv.

I bought MMTC 5gms coin in effectively 25000 rupees from phonepe (There was some 5% Cb offer near diwali)

@GKN aside from the tax implications I suggest you to take some precautions -

1. As @androgame said retain the original gold purchase receipt/make copies of it

2. Make sure to shoot a video while opening the package of gold in front of the delivery guy (keep shooting from unboxing to the end)

3. Get the gold physically tested from a reputed jeweller (since it’s a large amount that’s why)

4. Last but not the least make sure to choose a reputed seller with good ratings

I never bought gold online….. Contradictory to my username

No issues.
Just make sure it is Amazon assured product and have recording when you unpack (as this are non returnable items)

Also get it from reputed brand MMTC, Malabar, Bangalore refinery to just name a few.

The gv’s are genuine from my company, but Will i need to pay some tax on gift for accepting more than 1L gv from my company..

Also, I would like to purchase it from non KYC account to save my KYC account for card offers on gold in future

@GKN your employer may consider this perk and deduct TDS from your salary
Better to sell at 2 to 2.5% discount

which employer is giving 1L+ az gv?

Just curious. Does Amazon even allow purchasing gold coins using GV? I think it wasn’t possible in the past.