I have taken a loan from LIC Housing for Rs.10,00,000/-(Under Special chennai fo\lood -2015) and out of which Rs.7,00,000/- was given to my father's friend. Now, he wants to return it immediately with 500/1000 notes. Can i take and deposit, will it be taken as hoarding of black money. I can prove my source of income and the loans. What will happen if the IT is taking this as separately post demoneitsation. My taxable income is 10,05,000/-. Kindly advise me whether to take that and deposit(If i don't take from him, he will not return the money).