Loan repayment in cash IT department

This discussion addresses the complexities of repaying a large personal loan in cash, as requested by the lender. Concerns are raised about potential issues with the Income Tax Department, particularly regarding the inability to show such transactions in company accounts or claim them as expenses. While cash repayment is possible, it cannot be officially recorded, and advice suggests exploring banking methods for repayment to ensure proper documentation and avoid future complications with tax authorities.