Gambling- Ingridients of
Raja Sundarraman
(Querist) 12 January 2010
This query is : Resolved
Respected Learned Friends, My Client , a property management Company ,is going to indroduce a Scheme under which the rent received towards the monthly rent received by them from the prospective tenant of the Flat will in turn be given to the owners/ their clients by way of Gold Coins once a year instead of cash payments. Whether this Scheme will be construed to be a kind of Gambling ?
s.subramanian
(Expert) 24 August 2010
No. It is not gambling. Instead of cash it is paid in gold.