Question No. 4 Mr. Jawad has two houses. House # 1 is given on rent to an individual for Rs: 40,000/month and utilities of Rs:15,000. House #2 is given on rent to a company for Rs: 70,000/month and utilities of Rs:18,000/month. Actual expenses of utilities for House # 1 and House # 2 are Rs:10,000/month and Rs:3,000/month respectively. Mr. Jawad also earned income from business of Rs: 700,000/-. Calculate his taxable income and tax payable / refundable for year 2019-20 20 Marks