A friend's brother, Manish, was running a small online IT business in his father in law's name and kept all the generated income in his father in law's savings bank a/c.
He made some profits but eventually the business shut down and he moved all the money to his personal savings a/c.
There is no gift deed yet and not sure if father-in-law will even agree to sign on one if created; hence he is suspecting his in-laws or especially in-law's son might play mischief and claim the money is theirs.
Neither in-laws or their son know anything about IT nor they know anything about the kind of business that was run. They basically have absolutely no idea.
How can my friend's brother protect against in-law's mischief if at all they are planning any??
Can his in-law legally make claim on the money? Can they be challenged in court to prove the income was indeed generated by Manish and not by his in-law??
Thanks for your valuable inputs.