how much money you have taken from your friend.
1)if the money has been taken as loan and intention to repay that amount are there. then you can get it written stamp paper that he has given the loan to you and you will repay that amount in near future. to have a proof that it is not your income but you owe that amount from your friend.
2)only if the amount is less than Rs 50000/- then it is not taxable , it can be considered as a gift from a friend and you can have a gift deed written on a plain paper with two witnesses signing it.
it does not make a difference that the amount is being transferred to your salary account, as now you are liable to give details of all your bank account.
draft of gift deed:
KNOW ALL MEN BY THESE PRESENTS that I, _____________ S/o Sh.___________ r/o ____________________, transfers voluntarily, CASH OF value of which is Rs._____________ (Rupees_____________ only) to my SON/HUSBAND/SON IN LAW / Friend SRI.____________ S/o of Sh._________________ (hereinafter referred to as "the donee") To Hold the same to the donee absolutely forever. I further declare that the said gift has been made by me out of my natural love and affection for the donee and the same has been accepted by the donee.
IN WITNESS WHEREOF, I have executed this deed this ________ day of __________.
I, SRI. ______________, the donee hereby accept the gift.
MODIFY THE FORMAT SUITABLY BY ADDING THE AMOUNT AND CHEQUE/ D D NOS'