I have borrowed 7 lakhs from one of my family friends for the sake of my sister marriage last year. Due to some emergency he asked me to repay it back now. I asked my father-in-law to lend the same amount as loan on his fixed deposits in bank. He agreed to lend it by online transfer to my account. And then I will transfer it to my friend. Will there be any questions from Income Tax department regarding this ? If so what sort of document should I produce as proof ? Please help me at soonest possible regarding this
