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Return filing

This query is : Resolved 
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(Querist)
01 May 2010 Dear All,

My frnd are two brothers and they together manage two shops,how they can file returns separetally and how to compute their income separetely.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 May 2010 How are the invoices raised by them?
Who ever raises the invoices should show income in their books
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 May 2010 based on the business setup whether it is propertierhsip or partnership, if the propertier ship the whose name the businsess is running and partnership based on the sharing ratio
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