Wizard Foundation is a Registered Under Indian Trust Act.
Wizard Foundation is registered under section 12 A of Income Tax Act 1961. The income is calculated according to Section 11.
Yes. Donation Given to Wizard Foundation is eligible for tax benefits under Sec 80G of the Income-tax Act
Section 80G
Minimum Donation: No such Requirement
Eligible Person: Every person whose income is taxable under Income Tax Act,1961 Under this section 50% of your donation to our fund shall qualify for exemption from income tax. Moreover, the qualifying amount must not exceed 10% of your gross income. Let us make it clear through an example. Suppose, your gross annual income for the current financial year (2010-2011) is Rs. 4,00,000. You donate to our Association the sum of Rs. 1,00,000. In this case 50% of your donated amount, i.e. Rs. 50,000 will qualify for tax exemption. However, this qualifying amount must not be above 10% of your total income, i.e. Rs. 40,000. So, in this instance, the actual amount eligible for deduction from income will be Rs. 40,000.
The other important change made by the Finance Act, 2012 donation in excess of Rs. 10,000/- under section 80G should be made through account payee bank transfers.
80G is applicable for all
As per the amended rules once an orgainisation is registered as charitable institution will remain forever unless it is specifically withdrawed by the Government. Wizard Foundation is a charitable Institution and 80G certificate is valid for perpetual life
The Proof of Donation depends on how you donated.
Eg. Directly Deposited in Bank: Pay in Slip given by Bank(Customer Copy) which mentions Deposite Date, Amount, Cheque No(If any), Issuer bank name(If any), Branch Name.
The Proof of Donation depends on how you donated.
Eg. Directly Deposited in Bank: Pay in Slip given by Bank(Customer Copy) which mentions Deposite Date, Amount, Cheque No(If any), Issuer bank name(If any), Branch Name.
Net Banking/online fund transfer : Extract of your bank statement or Print of Transaction
Amount Given to our representative: Issued Provisional Receipt
You will receive it within 10 days from the date we receive the proof of donation.
No, We will issue Separate Donation Certificate for each Donation.
Kindly mail at info@wizardfoundation.org.in else you can call us on our helpline number- +91 7501391326
Every person whose income is taxable in india can Take tax Benefit.
We haven’t the FCRA Registration till date.
In case of a foreign currency Cheque, the Cheque clears in approx. 30-45 days from the date on which the cheque was deposited. After dispatching cheque, you can confirm delivery of cheque by calling our helpline number +91 7501391326 or you can also mail us at info@wizardfoundation.org.in
Yes, Kindly inform us about this. The person whose name will be mentioned in receipt will only be eligible for the tax benefit. For Further details kindly contact us.
We can not mention name of Late Person on receipt but can add their name behind Donor name; like, In Memory of ______ (Name of your loved ones).Donated by Mr/Mrs/Miss Donor name.
Wizard Foundation was established in 2019
Registration : IV-1903-02572/2019
Niti Aayog/NGO Darpan Number : WB/2020/0264879
Mr. Koushik Shil and Mr. Abu Taleb Mondal
Official Website: www.wizardfoundation.org.in.
Official Email: info@wizardfoundation.org.in
We haven’t FCRA.
The PAN Number of Wizard Foundation is: AAATW5592P
TAN Number is: CALW04626G
Only One.
Account Name: Wizard Foundation
Account No: 1136102000013800
IFSC Code: IBKL0001136
Bank Name: IDBI Bank
Following are the ways in which you can donate:
You can directly donate in the BANK ACCOUNT of Wizard Foundation
Donors can submit DD/Cheque on the name of Wizard Foundation in the BANK
Donors can submit DD/Cheque on the name of Wizard Foundation at the Office
Donate ONLINE through the Official website of Wizard Foundation.
You can donate in cash directly at the Office and obtain a receipt for the donation.
You can make donation through Credit/Debit/Net Banking/ Debit Card + ATM Pin / Cash Card / Mobile Payment / PayTm/ Wallet and UPI by simply clicking on the Bill Desk or CC Avenue Gateway while donating online.
Cooperation amount for 1 wheelchair: 4,000.00.
Cooperation amount for 3 wheelchairs: 12,000.00.
Cooperation amount for 5 wheelchairs: 20,000.00.
Cooperation amount for 11 wheelchairs: 44,000.00
Amount charged to become a Lifetime Member of Wizard Foundation is 21000/
When donations are provided directly at the Wizard Foundation, the donors are given a receipt which is the Provisional Receipt of the donation.
The Cheque Number of the Cheque along with the Account Number will be asked and the donator will be notified after cross checking it in the Bank Statement.
The Donator will be asked to provide the Account number and the transaction Id which will be checked through the Bank Statement.
The donors can keep themselves updated with the various Upcoming and Ongoing programs by visiting the Events tab under the highlights section of the Website.
After approximately 10-15 days you will receive the computerized receipt for your donation