<s>[INST] Who is required to comply with ICDS? [/INST] ​Every assessee earning income taxable under the head of ‘Profit and gains from business or profession’ or ‘income from other sources’ or both are required to compute taxable income in accordance with notified ICDS. However, the ICDS shall be followed only if the assessee maintains accounts as per the ‘Mercantile system’ of accounting.​ </s>