Year-End Checklist for Pune Landlords: 15 Things to Do Before March 31, 2026

March is the most important month for Indian landlords. Financial year-end means tax deadlines, agreement renewals, maintenance planning, and financial audits all converge at once.

Miss something now, and you’ll pay for it all year — in penalties, missed deductions, or preventable problems.

Here’s your complete 15-point checklist. Print it, bookmark it, share it with your CA.

💰 Financial & Tax Tasks

1. Reconcile All Rental Income

Deadline: Before filing ITR (July 31, but prep now)

✅ Verify rent received for each property for April 2025 – March 2026
✅ Match bank statements with rent tracking records
✅ Identify any pending/short payments
✅ Calculate total rental income per property

Why it matters: Under-reporting rental income triggers scrutiny under Section 22. Over-reporting means paying excess tax.

Use AHOMZO’s financial reports to generate a year-end rental income summary with one click.

2. Compile All Deductible Expenses

Deadline: Before March 31

Under Section 24 of the Income Tax Act, you can deduct:

Deduction	Limit	Documentation Needed
Standard deduction	30% of NAV	Automatic — no proof needed
Municipal tax paid	Actual amount	PMC receipt
Home loan interest	₹2,00,000 (self-occupied) / No limit (rented)	Bank certificate
Repairs & maintenance	Part of 30% standard	Receipts recommended
Insurance premium	Actual amount	Premium receipt

Action: Compile all expense records with receipts. Ensure every maintenance call, repair, and improvement is documented.

3. Collect TDS Certificates (Form 16A/26AS)

Deadline: March 31 (for the current year payments)

If your annual rent from a single tenant exceeds ₹50,000/month (₹6,00,000/year for residential), the tenant must deduct TDS at 5% (if PAN provided) or 20% (if PAN not provided).

Action items:

✅ Verify TDS deducted matches Form 26AS/AIS
✅ Collect Form 16A from tenants who deducted TDS
✅ If TDS not deducted but should have been, notify tenant immediately
✅ Ensure your PAN is correctly linked with the tenant’s TDS filing

4. Pre-Pay Municipal Tax

Deadline: Varies by PMC ward — typically March 31

Pune Municipal Corporation property tax paid before March 31 is deductible from rental income for the current financial year.

Action: Check your PMC property tax status at https://propertytax.punecorporation.org/ and clear any arrears.

5. Review and Pay Advance Tax (If Applicable)

Deadline: March 15 (final installment)

If your total tax liability exceeds ₹10,000, you must pay advance tax. For rental income:

15% by June 15
45% by September 15
75% by December 15
100% by March 15

Action: Calculate if any advance tax is pending. Late payment attracts interest under Sections 234B and 234C.

📋 Agreement & Legal Tasks

6. Check All Lease Expiry Dates

Deadline: Review now for April–September renewals

Lease renewals should be initiated 60 days before expiry. Check:

✅ Which agreements expire in the next 6 months?
✅ Which tenants do you want to renew?
✅ What rent revision are you planning?
✅ Are there any pending issues to address before renewal?

AHOMZO’s agreement management tracks all expiry dates and sends alerts automatically.

7. Update Police Verification for All Tenants

Deadline: Ongoing — but audit now

Review all active tenants:

✅ Is police verification completed for every tenant?
✅ Has any tenant’s verification expired (beyond original lease period)?
✅ Are there any unreported subtenant or flatmate changes?

Non-compliance penalty: Up to ₹5,000 fine + potential criminal liability.

8. Renew Property Insurance

Deadline: Check renewal dates

If your property insurance expires before the next financial year:

✅ Compare quotes from at least 3 insurers
✅ Ensure coverage includes natural disasters (important for monsoon damage)
✅ Add tenant liability coverage if not already included
✅ Premium payment before March 31 is deductible in current FY

🔧 Maintenance & Property Tasks

9. Conduct Property Inspection

Deadline: Before monsoon season (complete by May)

For each property:

✅ Check for water seepage signs (stains on walls/ceiling)
✅ Inspect electrical wiring and switchboards
✅ Test all plumbing fixtures
✅ Check balcony/terrace waterproofing
✅ Inspect window seals and frames
✅ Document condition with photos (store in AHOMZO’s document manager)

Why now? Pre-monsoon repairs in March–May cost 30–50% less than emergency monsoon repairs.

10. Review Vendor Contracts and AMCs

Deadline: Before March 31 (most AMCs follow financial year)

Check all annual maintenance contracts:

✅ Lift AMC renewal
✅ Generator servicing contract
✅ Pest control annual contract
✅ Water purifier/tank cleaning contract
✅ Security service contract (if applicable)

Action: Use AHOMZO’s vendor management to compare vendor performance over the past year. Negotiate or switch vendors based on data.

11. Plan Capital Improvements

Deadline: Budget before new FY

If any properties need major work:

Painting (₹15,000–₹50,000 per 2BHK)
Furniture replacement (₹50,000–₹2,00,000)
Appliance upgrade (AC, geyser, etc.)
Flooring or bathroom renovation

Financial planning: Capital improvements before March 31 can be partially deducted in the current year. Consult your CA.

📊 Administrative Tasks

12. Update Tenant Records

Deadline: Before March 31

For each active tenant, verify:

✅ Correct contact information
✅ Updated emergency contacts
✅ Current employment details (for screening records)
✅ Vehicle registration details (if applicable)
✅ All documents scanned and stored digitally

AHOMZO’s tenant management keeps all records organized and up-to-date.

13. Generate Annual Financial Summary

Deadline: Before filing ITR

For each property, prepare:

Total rental income received
Total expenses incurred
Net rental profit/loss
TDS deducted
Municipal tax paid
Insurance premiums
Maintenance and repair costs

Action: AHOMZO’s financial reports generate this automatically. Export as PDF for your CA.

14. Review and Optimize Rent Pricing

Deadline: Before April 1 (for renewals starting new FY)

Check market rates for your property areas:

Compare your current rent vs. market rate
Factor in upcoming infrastructure (metro, highway, IT parks)
Consider legally compliant rent increases
Plan increases for upcoming renewals

15. Set Up Digital Management (If Not Already)

Deadline: Today

If you’re still managing properties with Excel or WhatsApp, the new financial year is the perfect time to go digital.

30-minute setup:

Register on AHOMZO
Add your properties
Upload current tenant details
Set up rent tracking
Import key documents

Start the new FY with complete digital records.

Monthly Calendar: What to Do When

Month	Key Tasks
March	This entire checklist! Tax prep, insurance renewal, vendor reviews
April	New FY starts. Set up fresh tracking. Agreement renewals for May-June
May	Pre-monsoon maintenance. Waterproofing inspection
June	Monsoon starts. Emergency response plan ready. Advance tax (15%)
July	ITR filing (July 31 deadline). Tenant verification audit
August	Mid-monsoon property check. Independence Day society events
September	Advance tax (45%). Post-monsoon repair planning
October	Festival season (Diwali). Painting and deep cleaning
November	Winter maintenance. Garden/exterior upkeep
December	Advance tax (75%). Year-end review planning
January	Agreement renewals for March-April. Budget planning
February	Pre-year-end preparation. Expense compilation

Download & Track

Print this checklist or save it to your AHOMZO document manager. Mark items as completed as you work through them.

Pro tip: Create recurring reminders in your calendar for:

Rent reconciliation (1st of each month)
Agreement expiry checks (1st of each quarter)
Property inspection (twice a year — March and October)
Tax payment deadlines (4 dates per year)

Make this financial year your most organized one yet. Start with AHOMZO — your complete property management platform for Indian landlords.