<s>[INST] Whether ICDS applicable to the assessees opting for a presumptive taxation scheme? [/INST] The CBDT, vide Circular No. 10/2017, dated 23-3-2017, has clarified that the relevant provisions of ICDS shall also apply to the persons computing income under the relevant presumptive taxation scheme.

For example, for computing the presumptive income of a partnership firm under section 44AD which is deriving income from construction activities, the provisions of ICDS on Construction Contract or Revenue recognition shall apply for determining the receipts or turnover, as the case may be.​ </s>