Belated ITR filing penalty

Is penalty (of ₹1K or ₹5K depending on IT slab) applicable for belated ITR filing of an audited individual, even if the advance income tax is paid or not?
plz clarify.
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Quick Summary
This discussion clarifies the penalty applicable for belated Income Tax Return (ITR) filings for audited individuals in India. The penalty of ₹1,000 or ₹5,000, depending on the income slab, applies regardless of whether advance income tax has been paid or not. This rule holds true even for individuals requiring an audit.

Yes, it is for audited persons also.

Please explain briefly..

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