It return query

If ur total income exceeds maximum amount not chargeable to tax and u file a belated return..... penalty may be imposed on satisfaction of AO....

Check the provision of sec 271 & Sec 139. Sec 271 clearly states that if aperson who is reqd to furnish ROI fails to furnish return penalty of Rs 5000/- shall be imposed..... Now Sec 139 states that any person whose total Income without giving effect provision of chp VI- A exceeded the maximum amount nor chargeable to tax ie Rs 180000/Rs 190000/ Rs 250000 as applicable. Shall furnish ROI.....

But penalty imposed is in very rare cases.......