Hand loan - payable

Omprakash (Querist) 02 December 2017 This query is : Resolved
Hi Sir,

My friend who had asked for suggestion, While his doing a real estate business with no legal taxation. However he have borrowed sum 65 Lakhs in frequent payment to the business. Now the party requesting the money back, Now my friend who have collect the amount with no documentation is now ready to pay in legal terms to this parties via cash.

Need your advise to help him and also to help the parties of investors to have smooth transaction without any glich

Regards,Omprakash

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