Abbasi Limited, a private company, rented out a building @ Rs. 120,000 per month from 1st August 2020. Other details are mentioned below: Un adjustable advance received 500,000 Property tax paid 10,000 Rent collection charges 45,000 Interest paid to HBFC 20,000 Income tax paid 40,000 Legal charges in connection of property 18,000 Personal insurance premium paid 25,000 Irrecoverable rent for previous year 50,000 Forfeited deposit for sale of property 50,000 Adjustable advance received 500,000 Required: Calculate income from property