I wanted to purchase a flat from my friend A. Mr.A is also purchasing a flat and was in need of funds.
I managed some funds(10) from another source. It was deposited into my account in my absence.
forcing me to give Mr.A 3cheques.
Now, I am applying for Bank loan for the flat from friend A.
My friend Mr.X cannot disclose his source. Since I am a Govt Servant, I just want to know the treatment of 10 and how to deal with it. And what is the penalty? if any..........