Can ICDS would apply to other categories of taxpayers whose income is taxed under presumptive tax schemes (i.e. u/s 44AD, 44ADA, 44AE, 4BB, 44BBA, 44BBB) as there is no specific exclusion provided.

Manual - Introduction

Circular No. 10/2017 - Dated: 23-3-2017 - Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961

Where the presumptive income / tax scheme involves computation of tax on the basis of gross receipts, turnover, etc., then ICDS on revenue recognition would apply to compute the gross receipts or turnover in such cases. In this respect, a reference may be made to the clarifications on ICDS contained in the Circular no. 10/2017, dated 23rd March, 2017 issued by the CBDT.

Dated: 11-8-2017