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Treatment of Computer hardware items

This query is : Resolved 
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(Querist)
19 September 2019 My client (partnership firm) is in business of giving computers / laptops on hire basis. He charges monthly rent for computers / laptops. Apart from computers/ laptops, he also purchases many computer hardware like RAM, Key board, motherboard, mouse. use of these accessories can either be to upgrade the configuration of computer on demand of client or to replace old not working parts.
What would be treatment of these accessories for income tax purpose. same will be treated as revenue expenses or to be capitalized.
will appreciate any reference to section of income tax act or ruling is also provided...
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
04 June 2020 THESE WILL BE REVENUE PURCHASE ONLY AS THE BUSINESS IS DEALING WITH THESE KIND OF GOODS.
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