• Rebate of Rs.2,000 for individuals having total income of upto Rs. 5 lakh.    • Increase in deduction for donation to National Children’s Fund from 50% to 100%.    • Cash donations to political parties and electoral trusts not to be allowed as deduction.    • Additional one-time deduction of Rs.1,00,000 in respect of interest on housing loan.    • Immovable property received by an individual or HUF for inadequate consideration to be subject to section 56(2)(vii).