Applicability of deferred tax

Can any one tell me applicability of deferred tax? is it applicable to individuals and partnerships ?
Replies (3)
is the tax effect of timing diffrences .since 1/4/06 AS 22 is applicable to all enterprises.
Please give one example

AS-22 issued by ICAI is applibale in entirety to level-1, level-2, level-3 enterprises...and AS-22 notified by Govt recommended by NACAS is applicable to SMC's and NON SMC's...

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