I have enhnanced my home loan to get loan for the registry of the house. If I register by 31st July'2015, I have to pay 6,50,000/- as stamp duty + Registration Fee in (Ghaziabad, UP). This approved amount I will be getting in a weeks time from the bank. Can I take loan from my 14 friends for few days (3 to4 days) say, 14 X 49,000/- = 6,86,000/- and pay towards Stamp + Registration fee. Later when I get 6,50,000/- from bank, I will returns them. I am not having any written agrrement with my friend and no intrest is to be paid to them. Is this legally correct from Income Tax point of view ? Is there any problem for me or my friends ?