As an organisation committed to ensuring the privacy and security of user information, we are happy to announce that all our apps now follow GDPR guidelines. This means that your society and its residents can enjoy all the privacy protections laid out by the General Data Protection Regulation (GDPR), considered the gold standard for data privacy standards the world over.
Our decision to enable GDPR for our societies has also made us compliant with the Indian Data Privacy Bill, 2019, which is still before a parliamentary committee. This means that societies that opt to adhere to GDPR guidelines (which we highly recommend) also ensures compliance with upcoming law in India.
We do hope you appreciate the effort behind these initiatives as it makes us among the only B2C apps built for an Indian audience with such strong data privacy controls. The commitment to ensuring user privacy is ingrained in the culture here at MyGate and we assure you that this is only the beginning.
Changes we’ve made to follow GDPR guidelines
1. Visitors need not share phone number
To gain entry to a society, the name and flat number is all that is required of a guest. This means that residents will be able to create invites without entering a contact number. The Mygate Guard App will also no longer require a phone number to be added to authorise guest entry. The RWA will have the ability to opt for this feature.
Only Name Required: Visitors no longer need to share their phone number at the gate.
Note: This only applies to persons seeking to enter as guests and not those seeking to enter with a commercial purpose, as the law places greater data demands on this cohort.
2. All personal data will be masked
The data shared on the Mygate apps (user and guard) have always been available for perusal by those designated as society administrators. To comply with the Data De-identification sub-clause of the Security Safeguards obligation in the aforementioned bill, all of this information will now be masked on the Mygate dashboard. The RWA will have the ability to opt out of this feature; however, we urge you to follow through on this soon-to-be obligation.
3. Residents will have access to the data log
Particularly with regard to personal data, people prefer to be in the know. It builds trust, both in the RWA as well as a data fiduciary like Mygate. It is also in line with the ‘Requirement of notice for collection or processing of personal data’ obligation mentioned in the bill.
This is why we are enabling a complete data access log for residents on the app, where they will be able to view who viewed their personal data and when. Both the RWA as well as (in rare instances) Mygate will be required to share the purpose of viewing this data.
Open access logs: Users will now know if their data has been accessed.
4. Auto-deletion of visitor data
All entry and exit data will be deleted from Mygate systems after 60 days by default. The RWA will have the option to reset this to 120 days or 180 days, but no longer. Once deleted, even Mygate will not be able to retrieve past data. This is to satisfy the requirements of the proposed bill, which states that ‘the data fiduciary shall not retain any personal data beyond the period necessary to satisfy the purpose for which it is processed and shall delete the personal data at the end of the processing’.
Periodic deletion: You can choose the duration for which you hold visitor data.
5. Right to be forgotten
Residents can choose for their personal data to be deleted. Mygate will seek the society’s approval, post which resident information would be deleted from all places (except financial records).
Wipe out data: Any user can request that they be forgotten.
In taking these steps, it is our endeavour to be clear and transparent in our handling of information and help you, as the RWA, to remain trusted stewards of resident and society data.
We are now ready to enable these guidelines for all our societies, including yours. All you need to do is, let your Mygate representative know that you are willing to opt-in.
We look forward to your feedback and suggestions. We also invite you to view our updated Privacy Policy, which reflects the changes made in the app and mentioned above.
Keeping your information safe, secure and private is, by far, our highest priority. This is why we’ve always been advertising free, and have never shared or traded data with any third party since our inception. It’s also why our app is ISO 27001 certified and goes through multiple vulnerability assessment tests every day.
But this time, we’ve raised the bar much higher. We’re glad to announce that MyGate is now GDPR-ready. As you may be aware, GDPR is the global gold standard for data privacy and seeks to uphold privacy rights and give people significant control over their own data.
What’s more is, this change also makes MyGate compliant with the proposed Indian Data Privacy Bill, 2019, which is still before Parliament!
This makes MyGate’s data controls best-in-class; in fact, we’re the among the few B2C apps built for an Indian audience with such advanced privacy settings. Here are five ways your MyGate experience will change immediately:
1. Guests need not share their number
2. All data logs will now be masked
3. You will have access to your data log
4. All visitor data will be auto-deleted
5. You have the right to be forgotten
1. Guests need not share their number
From now on, you will not need to share your guests’ contact information to create an invite. Nor will your guest be required to share his phone number in case he/she arrives at your gate unannounced. Guests will only need to share their name and flat number at the gate.
Only Name Required: Your guests no longer need to share their phone number at the gate.
2. All data logs will now be masked
The security log maintained for your society is available for perusal by your Management Committee. From now on, all personally identifiable information in this log will be masked.
3. You will have access to your data log
Should any person access your data – whether an MC member or MyGate employee – for any reason, you will be able to find out who viewed your data, when and for what reason.
Open access logs: You will now know if your data has been accessed.
4. All visitor data will be auto-deleted
All entry and exit data will now be deleted from MyGate systems after 60 days by default. Your RWA will have the option to reset this to 120 days or 180 days, but no longer. Once deleted, even MyGate will not be able to retrieve past data.
Periodic deletion: Your society can hold visitor data for a maximum of 180 days.
5. You have the right to be forgotten
You can now also choose for your personal data to be deleted. MyGate will then seek the society’s approval, post which resident information would be deleted from all places (except financial records).
Wipeout data: If you don’t want to be a MyGate user, you can request that your data be forgotten.
These steps are only the beginning. We are extremely serious about the protection and privacy of your data and we will keep making rapid advancements in this regard. We look forward to your feedback and suggestions, and also invite you to view our updated Privacy Policy, which reflects the changes made in the app and mentioned above.
A home loan sounds like a mighty long-term commitment, but its pros mostly outweigh the cons. Homebuyers are invariably lured in by low interest rates, extended repayment periods, flexible/low EMIs, rising market values and the options of fixed and floating interest rates. Most of all, the idea of owning a home at affordable rates while earning major tax breaks is the biggest deal maker for homebuyers. Yet there are people who miss out on enjoying all the useful tax benefits on home loans that the government provides, simply because they’re not aware of the basic tax breaks. We simplify it all for you.
The main components of a home loan
Eligibility: Based on your monthly disposable income and credit rating, the bank decides whether you’re eligible for the loan while ascertaining that you’re in a stable financial condition to be able to repay it.
Principal Amount: This is the borrowed amount that you have to pay back. You are required to make your own contribution towards the down payment and the bank loans you 80-90% of the property value.
Interest: That’s the amount that the bank charges you for letting you borrow the money. Generally banks charge anywhere between 7 to 11% interest.
EMI: Equated Monthly Instalment is how you pay back the principal and interest. If you fail to repay the money, the bank gets legal ownership of your home and sells it off to recover the dues.
The government, in an attempt to rejuvenate the real estate industry, reduce loan burdens and provide added relief to regular taxpayers while aiming to boost their Housing for All initiative, has provided greater home loan tax exemption in 2020. Sections 80c, 24c and 80EE of Income Tax Act give details of various rebates and tax breaks with regards to home loans. Click the link below for more information
Benefits under Section 80 C for principal deduction
You can claim income tax rebate on home loan principal amount for upto Rs 1.5 lakh each year regardless of self occupied or rented property.
The total amount of payable tax itself is reduced because the deduction is made from gross income before tax calculation.
As per the rules that banks follow, you cannot sell your house for five years after buying it in order to be eligible for this deduction or else the deduction is reversed and added to the income tax again.
Benefits under Section 24 – interest amount
Whether you are occupying your own property or leasing it, you can claim up to Rs 2 lakh tax deduction of interest.
If the property was under construction when you took the loan, you are eligible for deduction if the full completion is done within 5 years; if not, you are eligible for deduction of Rs 30,000.
There’s no upper limit on the tax deduction amount allowed for rented property. You can claim the exact same entire amount that you’ve paid as interest to the bank.
Benefits under Section 80 EEA – interest amount
First time homebuyers, especially mid income families, have much to celebrate with this amendment.
You can claim an additional deduction of RS 1,50,000 if:
- The loan is approved between April 2019 and March 2020.
- Stamp duty value of the property does not exceed Rs 45 lakh.
Earlier, under Section 80 EE of Income Tax Act, if your loan was between April 2016 and March 2017, and the loan amount didn’t exceed Rs 35 lakh (and the property value wasn’t more than Rs 50 lakh), you were eligible for additional home loan tax benefit of Rs 50,000.
Joint loan benefits
Couples as well as members of a family usually opt to become co-borrowers so that eligibility increases when more incomes are combined.
Each co-borrower can claim deduction of up to Rs 2 lakh as interest, which means two people can claim Rs 4 lakh. In case of principal amount deduction (which is 1.5 lakh per person), two people can claim Rs 3 lakh.
Steps to claim tax benefits
1. Collect the following documents
- Property Title Deeds
- Construction Completion Certificate
- Property Registration Documents
- Home Loan certificate which contains details of EMI payment, ownership share for joint loan, etc.
- Municipal tax paid
2. If you are salaried, submit these in form 12BB to claim benefits under Sections 80c (if you’ve paid principal amount in that year) and 24c ( for interest) to your employer who will deduct TDS accordingly and provide you Form 16.
3. If you’re self-employed, you don’t have to submit documents, but you can claim benefits while filing Income Tax Returns yearly. But you need these documents to estimate your Advance Tax Liability every quarter and present them to the IT department, if need be.
How to calculate home loan tax benefits
Online home loan tax saving calculators are the easiest way to estimate the right number. You just need to input the following details:
- Gross annual income
- Loan amount and start date
- Interest paid annually
- Principal amount paid annually
- Gender
- Loan tenure
- Interest rate
FAQ- How home loans help save on income tax
1. Do I need to be a co-owner of the property to claim home loan benefits?
Yes. It’s not enough that you simply take a joint loan as a co-borrower. You should also be a co-owner of the property.
2. Can I claim tax benefits for a second home?
Yes. A second home used to be taxed as per notional rent. From 2019 onwards, a second home purchased through loan can earn you deduction as self occupied property. If both are declared as self occupied, total deduction of interest cannot exceed Rs 2 lakh.
3. What if I’ve rented out my second home?
If you rent out the second home, you have to declare rental income, make a standard deduction of 30% on income and interest on the loan, and claim the full interest you pay on the loan.
4. Can I claim principal amount deduction for under construction property?
No. Principal amount deduction can only be claimed for completely constructed property.
5. What is pre-construction interest deduction?
It is a deduction in five equal instalments and applies for homes that are under construction. It starts from the year in which you bought the property up until the construction is completed, not to exceed the upper limit of Rs 2 lakh.
6. Am I eligible for benefits under 80EE-A if I already own a house?
No. None of these deductions apply if the claimant owns any other property as on the date the loan is sanctioned.
7. Can I repay my loan early or hold on for tax breaks?
You can foreclose the loan before the completion of instalment tenure but you will be charged a penalty by the lender. Prepaying loans is better than to pay interest even if you’re getting tax benefits.
8. What if I missed a few EMIs?
You can still claim interest deduction since it is based on accrual basis. But deduction of principal amount is available on a paid basis, so they must be paid first.
9. What are the tax benefits for home improvement loans?
You can claim deduction of up to Rs 30,000 under the interest section but is capped within the upper limit of Rs 2 lakh. You cannot claim principal amount.
10. What’s a top-up loan? Do I get benefits?
It’s a loan for home repair, marriage, vacation, debt relief, business expansion, etc. The same benefits as above apply.
11. Can home loan interest be carried forward?
If you’ve suffered losses on self occupied or rented property, that lost money can be used to set off against income earned for the next eight consecutive years.
12. Can I claim interest on loans borrowed from friends?
On interest deduction, not principal amount. The lender has to produce a certificate and the interest he gets is taxable.
13. Can I claim HRA and home loan benefits as well?
If you’re a salaried individual and live in a different apartment on rent, while your own is under construction, or is rented out to another, or if your home is in another city and you live on rent in another.
14. Can I claim processing fees and other charges?
Yes. They are counted as interest and can be claimed under Section 24.
15. Can I claim stamp duty and registration charges?
Yes. They can be claimed under section 80C of principal amount.
In this policy we use the term “cookies” to refer to cookies and other similar technologies covered by the EU/GDPR Directive on privacy in electronic communications.
What is a cookie?
A cookie is a small piece of data that a website asks your browser to store on your computer or mobile device. The cookie allows the website to “remember” your actions or preferences over time.
Most Internet browsers support cookies; however, users can set their browsers to decline certain types of cookies or specific cookies. Further, users can delete cookies at any time.
Why do we use cookies?
We use cookies to learn how you interact with our content and to improve your experience when visiting our website(s). For example, some cookies remember your language or preferences so that you do not have to repeatedly make these choices when you visit one of our websites.
Additionally, cookies allow us to serve you specific content, such as videos on our website(s). We may employ the learnings of your behaviour on our website(s) to serve you with targeted advertisements on third-party website(s) in an effort to “re-market” our products and services to you.
What types of cookies do we use?
(A) First-Party and Third-Party Cookies
We use both first-party and third-party cookies on our website.
First-party cookies are cookies issued from the mygates.techletsolutions.com domain that are generally used to identify language and location preferences or render basic site functionality.
Third-party cookies belong to and are managed by other parties, such as MyGate business partners or service providers. These cookies may be required to render certain forms, such as the submission of a job application, or to allow for some advertising outside of the MyGate website
(B) Session Cookies
Session cookies are temporary cookies that are used to remember you during the course of your visit to the website, and they expire when you close the web browser.
(C) Persistent Cookies
Persistent cookies are used to remember your preferences within the website and remain on your desktop or mobile device even after you close your browser or restart your computer. We use these cookies to analyse user behaviour to establish visit patterns so that we can improve our website functionality for you and others who visit our website(s). These cookies also allow us to serve you with targeted advertising and measure the effectiveness of our site functionality and advertising.
How are cookies used for advertising purposes?
Cookies and ad technology such as web beacons, pixels, and anonymous ad network tags help us serve relevant ads to you more effectively. They also help us collect aggregated audit data, research, and performance reporting for advertisers. Pixels enable us to understand and improve the delivery of ads to you, and know when certain ads have been shown to you. Since your web browser may request advertisements and web beacons directly from ad network servers, these networks can view, edit, or set their own cookies, just as if you had requested a web page from their site.
Although we do not use cookies to create a profile of your browsing behaviour on third-party sites, we do use aggregate data from third parties to show you relevant, interest-based advertising. We do not provide any personal information that we collect to advertisers.
You can opt out of off-site and third-party-informed advertising by adjusting your cookie settings. Opting out will not remove advertising from the pages you visit, but, instead, opting out will result in the ads you see not being matched to your interests. This implies that the ad(s) you see will not be matched to your interests by those specific cookies.
How are third party cookies used?
For some of the functions within our websites we use third party suppliers, for example, when you visit a page with videos embedded from or links to YouTube. These videos or links (and any other content from third party suppliers) may contain third party cookies, and we encourage you to consult the privacy policies of these third party vendors on their websites for information regarding their use of cookies.
How do I reject and delete cookies?
You can choose to reject or block all or specific types of cookies set by virtue of your visit to a MyGate website by clicking on the cookie preferences on our website(s). You can change your preferences for MyGate websites and/or the websites of any third party suppliers by changing your browser settings. Please note that most browsers automatically accept cookies. Therefore, if you do not wish cookies to be used, you may need to actively delete or block the cookies.
If you reject the use of cookies, you will still be able to visit our websites but some of the functions may not work correctly. You may also visit www.allaboutcookies.org for details on how to delete or reject cookies and for further information on cookies generally. By using our website without deleting or rejecting some or all cookies, you agree that we can place those cookies that you have not deleted or rejected on your device.
| Cookie | Description | Opt-Out Link/More details regarding specific privacy policy |
| Bing | The Bing Ads Universal Event Tracking tag helps us understand how our Bing campaigns perform by tracking actions on MyGate websites once ads have been clicked. | Click here |
| DoubleClick Floodlight | DoubleClick Floodlight cookies enable us to understand if you complete certain actions on our website(s) after you have seen or clicked through one of our display/ video advertisements served on Google or other platforms via DoubleClick. DoubleClick uses this cookie to understand the content with which you have engaged on our website(s) so they may subsequently deliver some targeted advertisements to you. | Click here |
| Google Analytics | We use Google Analytics to understand how our media campaigns work and how you interact with our website in order to improve the user experience. | Click here |
| Google tracking cookies | Google tracking cookies enable us to understand if you complete certain actions on our website(s) after you have seen or clicked through one of our adverts served via Google. Based on the content you have engaged with on our websites Google are able to deliver some targeted adverts across other Google partner websites. | Click here |
| Facebook helps you stay in touch with your network through their website/ mobile application. We make it easier for you to share any content of interest on Facebook and sometimes, we may present with some targeted adverts on Facebook based on your engagement with our website(s). | Click here | |
| The LinkedIn insight tag allows us to perform campaign reporting and unlock valuable insights about website visitors that may come via the campaigns we run on LinkedIn. | Click here | |
| Outbrain | Outbrain offers a content marketing service that aims to present users to content that they are interested in, based on their behaviour and preference. The pixel we’ve added helps with attribution and overall performance. | Click here |
| Specific Media | Specific Media technology is used to deliver targeted messages and video adverts to users based on their engagement on our website(s). | Click here |
| Twitter provides real time updates from across the globe on the latest trending stories, ideas and opinions from the Twitter accounts or hashtags that you choose to follow. We make it easier for you to share our website content over Twitter. At times, we may present you with some ads on Twitter based on your engagement with our website(s). | Click here | |
| Yahoo | The Yahoo! Dot tag assists is in campaign tracking at attribution to help optimize performance. | Click here |
| YouTube | We embed videos or insert links to videos from YouTube on our website(s). As a result, when you visit a page with content embedded from or linked to YouTube, you may be presented with cookies from YouTube. | Click here |
As the country returns to action in unlock 1.0, the gates of housing societies slowly begin to open up. With increasing interaction between the residents and the outside world, it becomes all the more important to sensitise community dwellers and caretakers on the dos and don’ts of managing everyday chores.
In order to help communities do just that, we have put together a guide to unlocking societies, after referencing trusted government mandates and experts in the space. There’s also a set of posters that can be used to raise public awareness about society rules during this phase by sticking them around the society.
Please click on the buttons provided above to access the guidelines and posters. Feel free to download and share among friends from other communities.
By Team MyGate
Last updated on 08/06/2021
What’s Open in Your City
| Restaurants | Open to seating at 50% capacity until 4 PM on weekdays. |
| Malls | Closed until June 15th, 2021 |
| Cinemas | Closed until June 15th, 2021 |
| Schools | Closed until June 15th, 2021 |
| Public Transport | Operating at 50% capacity until 4 PM |
| Gyms | Operating at 50% capacity until 4 PM |
| Yoga Centres | Operating at 50% capacity until 4 PM |
| Parks | Open from 5 AM to 9 AM |
| Curfew Timings | Essential services open till 4 PM |
| Large Gathering Restriction | Marriages- strictly only 50 people allowed. Funeral & last rites- strictly only maximum of 20 people |
Travel Guidelines for Your City
| Inter & Intra-State Travel | Intra-state travellers need not carry a negative RT-PCR test Inter-state travellers are required to present a negative RT-PCR test |
| e-pass Registration | Register for e-pass –https://covid19.mhpolice.in/registration |
| International Travel | International passengers must have a negative RT-PCR report, not more than 72 hrs before travel. International passengers registeration & declaration link- https://www.newdelhiairport.in/airsuvidha/apho-registration |
Important Links
Please note that contacts & information shared in the links have not been directly verified by us. Please read all disclaimers carefully.
| Sites & documents updated daily with bed availability, Oxygen, RT-PCR testing & more | https://bit.ly/3xpzuoN Google document |
| Whatsapp Chat Bot ( Send msg- COVID followed by requirement eg- Bed in Mumbai) | Whatsapp chatbot |
| Twitter link to all Covid-19 related posts ( sort by ‘latest’ ) | https://covid19-twitter.in/ |
| Official Govt. Notification | CMO Maharashtra Tweet |
Important Numbers
| COVID Helpline | 1916 |
| Police | 100, 022-22621855 |
| Ambulance | 102, 1298, 022-24308888 |
| Fire | 101, 022-23085991 / 992 |
| KEM Hospital Helpline Number | 022 2410 7000 |
| Sion Hospital Helpline Number | 022 2406 3000 |
| Cooper Hospital Helpline Number | 022 2620 7254 |
| Nayar Hospital Helpline Number | 022 2308 2714 |
| Breach Candy Helpline Number | 022 2366 7788 |
| HN Reliance Helpline Number | 1800 22 1166 |
| Lilavati Helpline Number | 18002678612 |
| Rajiv Gandhi Medical College Helpline Number | 022 2530 4139 |
| Cooper Hospital Helpline Number | 022 2620 7254 |
Terms & Conditions
MyGate provides links to various websites, applications, services, for your convenience only and doesn’t have any control over the linked websites and or applications. Your use of those linked sites, mobile software applications, and services are subject to the terms of use and Privacy Policies of each such site and services.
This Policy is a part of and subject to Our Terms and Conditions of Use at https://mygates.techletsolutions.com/privacy-policy/. In case of any grievance, you can reach out to us at grievance@mygate.in
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