This is a handy feature for those who need to manage a document from one location, but they need copies of it in multiple locations.
Ø Go to the library where the document you want to share via a link resides and click on Settings
Ø Under the General Settings section click on Advanced Settings
Ø Under the Content Type section click the radio button under Allow management of content types, then click Ok
Ø Under Content Types click on Add from existing site content types
Ø Under Select Content Types locate the Link To A Document content type in the list, highlight it and click on the Add button to move it into the right pane.
Ø Now go to the library where you want to put the link, click on the dropdown arrow next to the new button and click on Link to a Document.
Ø Under the Document Link section enter the name of the document and the URL and click ok
Ø You have just linked a document from one library to another.