I got a Policy of amount sum assured 5 lakh for the term of 10 years ,risk covering from 3Feb 2012 .Its installment premium amount was Rs 25,000 annually i.e.,i paid RS 25,000 x 4 =1,00,000. This policy was continued from 2012 -2016 i.e ., 4 years ,but due to some financial problems policy was lapsed ,terminated and refunded behalf of my policy as on FEB 2017,the refunded amount was Rs 1,01,600 in my savings bank joint account, mode of operation either or survivor. Due to mistake i/we didn\'t mentioned this amount in assessment year 2017-2018,can i mention the afore discussed amount is assessment year 2018-2019. In case if i have to pay the TAX,which amount is TAX payable 1,01,600 or 1,600 ???? Please sort out my QUERY ! ! !
**WITH LOTS OF REGARDS**