BLUE juLY FULL · CA Lokesh Kasat Immediate Past Chairman Mobile: 9887570010, 7014127067 E-mail:...

Dear Professional Colleagues,

Warm Greetings and Happy CA Day !

I congratulate all our members of The Jaipur Branch of CIRC of ICAI on the occasion of our noble profession entrance into its glorious 72nd Chartered Accountant's Day Celebration which was organized on 1st July 2020.

The ICAI stands tall not just as an authentic symbol of the decades of priceless and invaluable experience it acquired via its consistent contribution.

We, Chartered Accountants are known for unparalleled financial skills and have played a vital role in India's economic growth.

In a tweet, Honorable Prime Minister also greets Chartered Accountants on Chartered Accountants' Day:

“Our Industrious CA community has a major role to play in ensuring a healthy and transparent economy. Their services to the nation are deeply valued. Greetings on Chartered Accountants Day”.

In view of the situation arising out of COVID-19 pandemic, on this historic day, to mark this proud occasion of our noble profession, The Jaipur Branch of CIRC of ICAI celebrated its Day with full enthusiasm. Various activities were being organized on this occasion:

· 10 Days ICAI Virtual Run · Food Distribution

· Sapling Distribution & Tree Plantation · Felicitate of Corona Warriors

· Sanitary Pad Distribution · Gau Seva

To keep the members abreast with the professional updates, as per the CPE Guidelines, Jaipur Branch of CIRC of ICAI organized various Virtual CPE Meetings. Apart from the Virtual CPE Meetings, many members also viewed our live and uploaded programs on our YouTube Channel “JPR ICAI”.

I thank all the expert and eminent Speakers who shared their rich expertise in the above said Meetings which was very informative for the benefit of our Members.

During this Covid 19, to make use of an excellent opportunity for learning and sharing of knowledge through Virtual CPE Meetings, Jaipur Branch of CIRC of ICAI is being organized a series of Virtual CPE Meetings where professionals are going to share their knowledge on varied topics of professional interest. The details of the Meetings are presented elsewhere in this newsletter. You also receive regular updates about our future programs through our website and messages.

Before concluding, I request to all of you Stay Safe and Healthy,

Thanks & Regards,

CA Anil Kumar YadavCHAIRMAN

Chairman’’ Message

FOR IN HOUSE CIRCULATION ONLY JULY 2020-2021 (2020-2021) NO. 4

JAIPUR CHARTERED ACCOUNTANTS’The Institute of Chartered Accountants of India

(Setup by an Act of Parliament)

e-NewsletterizfrfcEc

TH#ICAI_JP_50 _YEARDesigned & Compiled by:

ITT Faculties of Jaipur Branch of ICAISanjay Kishore, Karni Singh Rathore

Dear Professional Colleagues,

Let me wish a very happy Chartered Accountants' Day to all of you!

On this foundation day, amid various restrictions, we, at Jaipur Branch celebrated various competitions and activities through virtual mode wherein we received huge participation from members and students. I am grateful to one and all for being a strong pillared support during these testing times and being so vibrant in making “CA Fortnight Celebration” a successful one.

With a determined stand to grow along with the nation, ICAI and CA profession have transformed themselves from being the anchor of our country's fiscal prudence to playing the role of partners in nation-building. While we have a refined understanding of business and economy, let us also brace ourselves with communicative competence and emotional intelligence, which help us effectively connect to the people around us. Success today also requires us to have empathy for our times and work and learn harder so that we could conveniently march with time.

Information about new technologies, adoption of new work culture, Knowledge of latest IT and software can play major role in it.

The prevailing health situation has become so critical that The World Health Organization has acknowledged that there's possibility of corona virus being spread in the air under certain conditions. In view of the same, The UN body releases new guidelines on COVID-19 transmission, including new scientific evidence available on the spread of the SARS-CoV-2. We must all assure ourselves and our surroundings to be safe and healthy by complying with new guidelines and social distancing norms issues by GOI from time to time.

I wish you all to stay safe, stay healthy.

Best wishes

CA Kuldeep GuptaSECRETARY

Secretary Message

JAIPUR CHARTERED ACCOUNTANTS’e-NewsletterizfrfcEc

TH#ICAI_JP_50 _YEAR

Designed & Compiled by:ITT Faculties of Jaipur Branch of ICAISanjay Kishore, Karni Singh Rathore

CA Anil Kumar YadavChairman

Mobile: 9660917000E-mail: [email protected]

CA Kuldeep GuptaSecretary


OFFICE BEARERS 2020-21

CA Shishir AgrawalChairman CICASA


CA Lokesh KasatImmediate Past Chairman

Mobile: 9887570010, 7014127067E-mail: [email protected]

CA Ankit MaheshwariTreasurer


CA Vijay Kumar AgrawalMember CICASA


CA Akash BargotiVice Chairman Mobile: 9983332663

E-mail: [email protected]

Page # 3


TH#ICAI_JP_50 _YEAR

CA Pramod Kumar BoobCentral Council Member-ICAI


CA Sachin Kumar JainRegional Council Member-ICAI


CA Prakash SharmaCentral Council Member-ICAI

Mobile: 99290-97300E-mail: [email protected]

CA Dinesh Kumar JainSecretary, CIRC-ICAI


CA Abhishek SharmaRegional Council Member-ICAI


CA Satish Kumar GuptaCentral Council Member-ICAI


Page # 4

OFFICE BEARERS 2020-21


TH#ICAI_JP_50 _YEAR

Newsletter Committee

Chairman

CA Sachin Kumar Jain CA Kuldeep Gupta CA Vijay Kumar Agrawal

Page # 5


TH#ICAI_JP_50 _YEAR

CA Anil Kumar Yadav

Members

CA Sumit Dhadda CA Pawan Bhatia

Co-Opted Members

Persons in Branch Contact No.


TH#ICAI_JP_50 _YEAR Page # 6

STUDENTMr. Gopal Lal Gurjar 9667555211Mr. Naresh Meena 0141-3044214Mr. Anil Kumar Sharma 9667555216

MEMBERMr. Vishal Gupta 9672023888Ms. Harpreet Kumawat 9667555212Mr. Gopal Lal Gurjar 9667555211

ITMr. Rakesh Yadav 9667555110Mr. Shiv Singh 0141-3044210

COVIDMr. Manish Jain 9667555065Mrs. Garima Rastogi 9672041119

OTHERSMr. Karni Singh 9460986460Mr. Mohan Singh 9829022590

Time :- 10.00 AM to 5.00 PMMonday to Saturday

Jaipur Branch of CIRC of ICAIICAI Bhawan, D-1, Institutional Area, Jhalana Doongari, Jaipur- 302004

E-mail: [email protected] ; [email protected]

ICAI JAIPUR BRANCH HELP DESK

Designed & Compiled by : ITT Faculties of Jaipur Branch of ICAI

Sanjay Kishore Karni Singh Rathore

Flag Hoisting (01.07.2020):

On 1st July at the occasion of CA Day, a Flag Hoisting Program was organized at the branch. The Flag of Institute was hoisted at Branch building by CA Anil Kumar Yadav, Chairman, Jaipur Branch along with Managing Committee Members of the Branch at 8:30 AM. The Chairman and other CA Members expressed their views on the occasion. The program was convened by CA. Kuldeep Gupta, Secretary, Jaipur Branch. On this occasion CA Satish Kumar Gupta, CCM-ICAI was also present. ICAI-Jaipur Branch had been done live telecast of Flag Hoisting program on YouTube Channel.

Quiz Competition for CA Students (01.07.2020)Jaipur Branch of CIRC of ICAI organized Virtual Quiz Competition for CA Students on 1st July, 2020 under the CA Fortnight Celebration. In this competition 205 CA Students were participated. Mr. Swapnil Surana, Mr. Utkarsh Maharwal & Ms. Riddhi Jain declared winners of quiz competition. CA Akhil Pachori, CA Manan Ailani, CA Kalpit Agarwal, CA Vikas Yadav were the convenors of Quiz Competition. Quiz Competition for CA Students (02.07.2020)Jaipur Branch of CIRC of ICAI organized Virtual Quiz Competition for CA Members on 2nd July, 2020 under the CA Fortnight Celebration. In this competition 120 CA Members were participated. CA Anil Agrawal, CA Shubham Vijay & CA Girraj Khandelwal declared winners of quiz competition. CA Amit Khandal, CA Kamal Jain, CA Ankit Khandelwal, CA Himanshu Jain & CA Pawan Kumawat were the convenors of Quiz Competition. CA Akhil Pachori was the Moderator.

Singing Competition For CA Students (03.07.2020)

Jaipur Branch of CIRC of ICAI organized Virtual Singing Competition for CA Students on 3rd July, 2020 under the CA Fortnight Celebration. In this competition 45 CA Students were participated. Competition was divided in three categories i.e. RETRO, 90's and LATEST. Following were declared the winners:

BRANCH ACTIVITY JULY

RETRO 90's LATEST GUNJAN MITTAL (1st) MANISH AGARWAL (1st) SANSKAR CHORADIA (1st)

SANDEEP RAO (2nd) NEHA SHARMA (2nd) VISHNU AGARWAL (2nd)

NISHANT DEVENDRA

KHANDELWAL (3rd)

NIMISHA SHARMA (3rd) SUMIT KR.JAIN (3rd)

CA Suchita Kedia, CA Niharika Jain, CA Pankaj Agarwal, CA Mahendra Kr. Doon, CA Shefali Digarwal, CA Heena Agarwal and CA Ashutosh Lata were the convenors of this competition.

Singing Competition For CA Members (04.07.2020)

Jaipur Branch of CIRC of ICAI organized Virtual Singing Competition for CA Members on 4th July, 2020 under the CA Fortnight Celebration. In this competition 116 CA Members were participated. Competition was divided in three categories i.e. RETRO, 90's and LATEST. Following were declared the winners



RETRO 90's LATEST ASHISH SHARMA (1st) ASHUTOSH SHARMA (1st) DEEPAK PAREEK (1st)

RAJEEV AGARWAL (2nd) A. NIKITA JAIN (2nd)

B. ASHOK K. GOYAL(2nd)

RAGHAV KHETAN (2nd)

VIBHOR AGARWAL (3rd) NITI MANTRI (3rd) AYUSH GUPTA (3rd)

CA Dinesh Vijay, CA Hemant Gupta, CA Rohit Kataria, CA Abhishek Agarwal, CA Ankita Agarwal, CA Nisha Sharma, CA Mohit Chaturvedi, CA Sunidhi Jain and CA Raj Kr.Bagda were the convenors of competition.Virtual CPE Meeting on Prosecution, Detention, Search & Seizure under GST (04.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on Prosecution, Detention, Search & Seizure under GST on 4th July, 2020. CA Yashasvi Sharma was the eminent speaker of this meeting. CA Yashasvi Sharma delivered the lecture on above subject during Meeting. CA Nitin Agarwal was the moderator of this meeting.Virtual Workshop on How to Optimize Performance and Security of Office Gadgets (05.07.2020-NON CPE)Jaipur Branch of CIRC of ICAI organized Virtual workshop on How to Optimize Performance and Security of Office Gadgets on Sunday 5th July, 2020 under the theme: Swachh Bharat Abhiyan. CA Akhil Pachori was the eminent speaker of this workshop. CA Akhil Pachori delivered the lecture on above subject. Mr. Saurabh Maheshwari, (Kota), National Trainer–ISA also gave their special address during workshop. CA Sudha Gupta was the moderator of this workshop.Swachh Bharat Abhiyan (05.07.2020)

Jaipur Branch organized Swachh Bharat Abhiyaan on 5th July 2020 under the CA Fortnight Celebration. In this Abhiyaan CA Students and Members participated with full zeal and enthusiasm. CA Students & Members cleaned the nearby places of home as per Govt Guidelines. CA Abhishek Gupta, CA Naveen Goyal, CA Ujjwal Sangtani and CA Vipin Singhal were the convenors of this abhiyan.

Interaction Meeting with Chief Commissioner Commercial Tax Dept. (10.07.2020)

CA Anil Kumar Yadav, Chairman, CA Akash Bargoti, Vice Chairman, CA Kuldeep Gupta, Secretary & Other CA Members of Jaipur Branch of CIRC of ICAI meet with Shri Abhishek Bhagotia, IAS-Chief Commissioner Commercial Tax Department and felicitated them by presenting memento. They also make aware to Chief Commissioner for problem faced by CA Members related to ITC.

Virtual CPE Meeting on MSMEs & Its role in Indian Economy, Effect of COVID-19 & Relief Provided by Government (11.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on MSMEs & Its role in Indian Economy, Effect of COVID-19 & Relief Provided by Government on 11th July, 2020. CA Ravi Jain was the eminent speaker of this meeting. CA Ravi Jain delivered the lecture on above subject during Meeting. CA Khushboo Taneja was the moderator of this meeting.Virtual CPE Meeting on Cautions to be taken while doing CASH TRANSACTIONS under Income-tax Act (17.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on Cautions to be taken while doing CASH TRANSACTIONS under Income-tax Act on 17th July, 2020. CA Ashok Kumar Jain was the eminent speaker of this meeting. CA Ashok Kumar Jain delivered the lecture on above subject during Meeting. CA Chanchal Sethi was the moderator of this meeting.Virtual CPE Meeting on GST Analysis on Transporters & Travel Industry (18.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Transporters & Travel Industry on 18th July, 2020. CA Rajendra Kumar P, Chairman, GST & Indirect Taxes Committee-ICAI addressed the participants with words of wisdom during inaugurated the meeting. CA Rakesh Kumar Kabra was the eminent speaker of this meeting. He delivered the lecture on above subject during Meeting.. CA Sunidhi Jain was the moderator of this meeting.Virtual CPE Meeting on GST Analysis on Financial Services, IT & E Commerce (19.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Financial Services, IT & E Commerce on 19th July, 2020. CA Man Mohan Mahipal was the eminent speaker of this meeting. CA Man Mohan Mahipal delivered the lecture on above subject during Meeting. CA Aashima Bhalotia was the moderator of this meeting.

Virtual CPE Meeting on GST Analysis on Textiles, Garments & Handicrafts including relevant Job work provisions (25.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Textiles, Garments & Handicrafts including relevant Job work provisions on 25th July, 2020. CA. Yogesh Gautam, National Treasurer, Laghu Udyog Bharti addressed the participants with words of wisdom during inaugurated the meeting. CA Ranjan Mehta was the eminent speaker of this meeting. CA Ranjan Mehta delivered the lecture on above subject during Meeting. CA Nikita Chamria was the moderator of this meeting.

Virtual CPE Meeting on GST Analysis on Work Contract and Construction (26.07.2020-2 CPE Structured)Jaipur Branch of CIRC of ICAI organized Virtual CPE Meeting on GST Analysis on Work Contract and Construction on 26th July, 2020. CA Hemant Gupta was the eminent speaker of this meeting. CA Hemant Gupta delivered the lecture on above subject during Meeting. CA Priyanka Bajaj was the moderator of this meeting.



In order to discourage cash transactions and move towards cash-less economy, a new Section 194N (Introduced via Union Budget 2019) has been inserted under Income-tax Act with effect from September 1, 2019 to provide for deduction of tax on cash withdrawals made by any person from his bank or post-office account. Meaning of Section 194NSection 194N is applicable in case of cash withdrawals of more than Rs. 1 crore during a financial year. This section will apply to all the sum of money or an aggregate of sums withdrawn from a particular payer in a financial year.Further, while calculating the limit of Rs 1 Crore limit all accounts maintained by a person with one bank are to be considered. Which means,Mr. Raju has withdrawn the following amounts from different branches for HDFC Bank.· Rs 50 lakh from Branch A· Rs 30 lakh from Branch B· Rs 40 lakh from Branch C· Rs 20 lakh from Branch D of Axis BankIn this case as per provisions of section 194N 2% TDS would be deducted by HDFC Bank on Rs 20 lakh i.e. TDS @2% by HDFC Bank Rs. 40,000

Section 194N - TDS on Cash withdrawal

over and above Rs. 1 crore

CA Piyush Agarwal



The provisions under section 194N are not applicable in case payment is made to the following person:Ø GovernmentØ Banking companyØ Co-operative society engaged in the business of bankingØ Any business correspondent authorized by RBIØ Any white label automated teller machine (ATM) operator authorized issued by the RBIØ Any other person which central government may specify by the notification.Ø As per recent notification (NN 70/2019) dated 20 September, 2019 – No TDS under section 194N shall be deducted on cash withdrawal made byo Commission agents oro Trader operating under Agriculture Produce Market Committee (APMC) for the purpose of making payments to the farmers on account of purchase of agriculture produce.

Point of TDSTDS will be deducted by the payer while making the cash payment over and above Rs 1 crore in a financial year to the payee. If the payee withdraws a sum of money on regular intervals, the payer will have to deduct TDS from the amount, once the total sum withdrawn exceeds Rs 1 crore in a financial year. Further, the TDS will be done on the amount exceeding Rs 1 crore. For example, if a person withdraws Rs 98 lakh in the aggregate in the financial year and in the next withdrawal, an amount of Rs 2,50,000 is withdrawn, the TDS liability is only on the excess amount of Rs 50,000.

Section 194N is applicable from 01st September, 2019 hence any cash withdrawal prior to 01st September, 2019 will not be subject to TDS. However, cash withdrawal before 01st September, 2019 shall be counted for threshold of Rs 1 cr. Let's understand this with a case:



The payer will have to deduct TDS at the rate of 2% on the cash payments/withdrawals of more than Rs 1 crore in a financial year under Section 194N.

Let's understand the practical aspects of this section: - Example1: - Mr. Mallya has saving and current account with a bank. The details of cash withdrawn from both the accounts are as follows:

Date of cash withdrawn Cash withdrawn from saving account

Cash withdrawn from current account

01-04-2018 40,00,000 10,00,000

31-03-2019 70,00,000 60,00,000

01-04-2019 20,00,000 20,00,000

05-07-2019 5,00,000 10,00,000

31-08-2019 4,00,000 25,00,000

01-09-2019 50,00,000 45,00,000

01-03-2020 55,00,000 20,00,000

30-04-2020 1,20,00,000 5,00,000

Total amount withdrawn

(a) In FY 2018-19 1,10,00,000 70,00,000

(b) In FY 2019-20

- Up to 31-08-2019 29,00,000 55,00,000

- 01-09-2019 onwards 1,05,00,000 65,00,000

(c) FY 2020-21 1,20,00,000 5,00,000

Financial Year

Cash withdrawn from Total Cash withdrawn

Tax to be deducted

Saving Account

Current Account

2018-19 1,10,00,000 70,00,000 1,80,00,000 Nil

2019-20 1,34,00,000 1,20,00,000 2,54,00,000 3,08,000

2020-21 1,20,00,000 5,00,000 1,25,00,000 50,000

ANSWER



Example 2: - Suppose in the above example, Mr. Mallya has also withdrawn the following amounts during the year:

Date of cash withdrawn Cash withdrawn from saving account

Cash withdrawn from current account

30-07-2019

1,00,00,000 50,00,000

Total amount withdrawn

In FY 2019 -20

- Up to 31 -08-2019 1,29,00,000 1,05,00,000

- 01-09-2019 onwards 1,05,00,000 65,00,000

Financial Year

Cash withdrawn from Total Cash withdrawn

Tax to be deducted

Saving Account

Current Account

2019-20 2,34,00,000 1,70,00,000 4,04,00,000 3,40,000

ANSWER

Although the amount of cash withdrawn from the Mr. Mallya's bank accounts before September 1, 2019 exceeds Rs. 1 crore but no TDS will be deducted on such amount. TDS will be deducted only on the amounts which are withdrawn on or after September 1, 2019, i.e. Rs. 1,70,00,000 (1,05,00,000 + 65,00,000).



Business Crisis ManagementCA Gaurav K. Gupta

As a nation, we are facing catastrophic situation due to the outbreak of COVID -19. The Unlock process is continued with some restrictions and some of states are already under lockdown situation but not in a workable culture. Every day, some government agency or the other issuing circulars, notifications. Giving temporary relief to people but giving birth to confusion too. Our Finance Minister, Hon. Nirmala Sitharaman conducted press conference many times. RBI governor relaxed banking norms to push enough money in the economy though bank. Yet there is a lot of uncertainty due to some conflicting circulars and government orders. Here we are trying to understand that as a professional how can we serve to the businesses in the best possible manner. It can be a good opportunity also for professionals.1. Need to Understand business: First of all we need to understand the business of client, Without knowing the nature of business, Work area, Sector, Inflows and outflows mode (Whether cash based business or partly cash partly bank or fully through banking channel) ect, its not possible to work on crisis management. 2. Identify all the business processes This is the first step we need to work upon once after the full understanding of business, identification of whole business processes is necessary to understand that what process is get affected due to covid-19 and what are not. The whole crisis management is to be worked only for affected business process and areas. 3. Prepare a list of Affected Business Processes during the lockdown. (Duration of Lockdown important): As we all know that lockdown being imposed by central govt is already finished and for particularly red zones it may have effect 150 days. Whether partial lockdown or complete lockdown. In this phase we prepare a list of areas affected during lockdown, may be some of business activity completely got stuck or some may be operated partially. This will help us to make our future plans if lockdown goes beyond 120 days or lockdown happens once again after opening offices, we will be having better understanding and plans to work upon those areas that how we can operate maximum even after lockdown, to some more extant we could able to work from home. 4. Prepare a list of affected Business Processes after the lockdown over but before the end of Covid-19. (Duration of domestic COVID-19 important): Of course business will resume after lockdown with partial strength or full strength of employees but somehow we must understand that some process will be there which will be not in the position of operation, because of interstate movement, effect of other industries which may not open at the same time of lockdown over etc, so we need to prepare and plan for those particular activities and effect on there related expenses. 5. Prepare a list of Affected Business Processes even after the end of Covid-19(Duration of International COVID-19 Important). This activity also have a same importance for those who operate business with other countries, who deals in Import of export of goods/ Services. If lockdown and covid-19 effect exists in other countries then this situation will arise. So these activities also look into consideration.6. Prepare a list of business processes which are not affected at any point of time of covid-19 : Business must identify such services which are operating even after lockdown, may be this is because of advancement of company in their Information technology or may be the business is such of a nature that is related to essential services but we need to identify such processes so that if necessary we can make a strategy to deploy our other resourses to that activity and increase our working on that particular activity, for a long term perspective it will also be sign to more our other processes to align with these processes how we can serve other service line in same manner, whether it is possible by technology or otherwise, a proper cost benefit analysis will also provide us a idea to do this.7. Prepare a Expense sheet: No body knows the end of this pandemic so It's the very important and foremost element for all the businessmen, everybody wants to manage their expenses so its necessary to prepare a expenses sheet. Now we need to categorize the expense into Essential, desired, avoidable. Some of the expenses may be very necessary to run a company where we can not make any change because of the nature of expense, may be that exp is related to our operating activities or may be that are statutory obligations in the same way desirable expenses are to be reviewed and wherever possible expenses will be controlled. In case of avoidable expenses, all the expenses should be terminated for the duration of covid-19. 8. Prepare a sheet of third party contacts: in case of expenses we need to review all the contract based expenses and need to be reduced to some extent (if possible and covered under desired level). Some of expenses are may be not for contracts but we need to analyze that whether some expenses can be outsourced if found benefit in doing so.9. Business Management:Common area which needs to be addressed for every business:



9.1. Business Continuity Management with Coivd-19 situation9.2. Cash Flow Management9.3. Working capital management9.4. Debtor management9.5. Creditor management 9.6. Loans/Credits management9.7. Human Resource Management 9.8. Statutory Obligation Plan 9.9. Inventory Management9.10. Technology Management/Development

1. Business Continuity Management : We will discuss the situation of lockdown over and business resumes, business continuity is very important because it is the base of all activities to be done, safety is the top most priority, safety of Directors, safety of top management, safety of Department heads and all the employees and stakeholders of company, without top management and Departmental heads a business can go down at any time so its necessary to understand the culture need to be followed after lockdown over: Ÿ Make it mandatory for shop staff to wear face masks. Dispense with handshakes, use a non-contact method for greetings Ÿ Make it compulsory for employees to wash their hands when they arrive and every time they enter the premises, as well as frequently throughout the day Ÿ Provide thermo-guns to screen all personnel for fever and Cold Ÿ Create a Rapid Response Team of at least 2 managers who will monitor employees with infections / symptoms and will take necessary actions Ÿ Defer joining of employees traveling using public transports such as train/bus/taxis/auto in the initial stages. Instruct employees commuting by their own

vehicles to avoid using drivers Ÿ Restrict gathering in groups; avoid any kind of meeting of more than 2-3 persons at a time Ÿ Mandate employees to have lunch at their own work stations; no employee to be allowed to wash their lunch box in the wash basin Ÿ Limit number of employees using washrooms at the same time to 2 people, forbid queuing at the entrance. Ÿ Cancel all non-critical meetings, recreational activities and corporate events Ÿ Disinfect entire office twice a week, carry out fumigation of workplace on daily basis for first 14 days Ÿ Disinfect frequently touched areas like reception, delivery areas and surfaces such as hand rails, door handle, push plates, telephone equipment, key

boards, photocopy machines and other office equipment, toilet flush and seats at regular intervals Ÿ Train office boys, kitchen helpers and canteen managers to ensure high-degree of personal hygiene and strict cleanliness Ÿ Restrict the number of employees entering the cafeteria at one point of time to prevent gathering Ÿ Avoid inviting vendors/contractors/customers from high risk locations /affected countries to office locations. Ÿ Encourage contactless payment options such as Paytm, Google Pay, UPI, NEFT, RTGS. 2. Cash/Fund Flow Management: Cash is the lifeline of any business and its balance is affected by each inflow and outflow we make. Looking at the current market scenario the cash movement in the market will have pressure. Experts also say “The only way to survive this crisis is by drastically reducing our fixed operating expenses in the immediate term till the consumption in the sector improves”- Letter by Tata Star Bucks Avail the benefit of EMI moratorium or Deferment Option provided by RBI. It will strengthen the cash flow to sustain the current crisis but yes though affect the profitability of the business.Waiver in Rent: The % of waiver in rent payment or the deferment period would depend upon the relation of the tenant with their landlords and the businesses cash flow availability. Tomorrow we will be posting about the action plan for salaries and wages. Further, I would like to THANK everyone for sending their doubts and suggestion on personal chat.3. Working capital managementone very essential element of business which is --- FUNDING The working capital funds will be required till the business recovers, which will depend upon the business cycle of the industry and at times also on the operating levels of the company Most of the industry association have urged to government for more reliefs and better funding options and we should receive some announcement from them in the coming days. But at the same time it is important for companies to be aware of the other lucrative options currently available. We would today list down a few of them being –



1. Bill discounting 2. GST loan3. COVID 19 Emergency Credit Line 4. Trade Receivables Discounting System (TReDS)5. Loan against propertyto balance between necessary outflows vs maintenance of minimum working capital for running business. As we say you must be thinking it is so obvious but believe me many Entrepreneurs found difficult to plan before releasing March salary as business is unpredictable. Here are the two steps for HOW TO PLAN FOR EMPLOYEE COMPENSATION FOR NEXT 3 MONTHSStep 1: Estimate possible cash inflow and outflow for next 3 months in different scenarios - Example: Scenario 1 - 30% downturn in business, Scenarios 2 – 50% downturn and Scenario 3 – 70% downturn in businessStep 2: Plan for Employee Compensation payout in next 3 months 1. Bifurcate the entire employee list among Key employees and others (department-wise).2. Further, decide action plan based on above categories in different scenarios -:

a. Full salary payoutb. Deferring payout – Full Payment will be made but currently only part is paid and balance will be paid laterc. Reducing payout – Salary Payment is reduced for certain periodd. Retrenchment

Note: 1. Labour Laws : Please take necessary legal opinion before taking any actions.2. While estimating available cash balance for expenses please consider minimum working capital required post lock down to restart the business.

Template for Estimating working capital for next 3 months in different scenario



Particulars Scenario 1 (30% down) Scenario 2 (50% down) Scenario 3 (70% down) Cash Outflow (A) EMI payments Lease rentals Govt. dues Vendor payment Other Fixed expenses

Cash Inflow (B) Debtors collection / Sales Additional source of revenue Additional source of funds raising Capital Infusion Free Cash flow available (B-A) --- C Working Capital required Post Lock down in business (D )

Salary payment capacity (C -D)

4. Debtor management5. Creditor management6. Loans/Credits management : In continuation the needs for funds, we are sharing across few types of funds available and also few alternate source of temporary fund raise. As financing differs on case to case, it is advisable to discuss with your consultant to evaluate a suitable option. Sheet attached

7. Human Resource Management: Earlier we have discussed in short that how employees are to be bifurcated for business continuity, here the main question is about employee's cost and salary pay and what is the law position on this?

8. Statutory Obligation Plan 9. Inventory Management : A checklist for activities which may be done pre and post lockdown for each important business areas is attached with this file.10. Technology Management/Development:

Work from Home culture:One glimpse of the changed world THE NEW MORMAL can be seen from the decision taken by TCS75% of their work force will permanently work from home even after lockdown opens They plan to change their operating model and the experts feel even many more in the IT sector will also adapt to this change. Similar, changes may be seen in few other sectors too very soon.Communication: Conduct virtual meetings using online apps/platforms (Skype, Zoom, Webex). Branding: People have increased their time spent on chatting (+23%) and social networking (+25%) apps. Almost all social networking apps - Facebook, Instagram and TikTok – have seen significant increases while conversely, shopping apps, travel apps and food apps have seen a significant drop in both users and time spent. TV viewership (+6%), the news genre led the growth chart, with a jump of 57% while kids' channel viewership was up 33%. In terms of gender, female viewers showed marginally higher growth in viewership (9%) as compared to males (8%). One question that comes at this time is MARKETING It is said that Marketing never stops. Even when a crisis event like coronavirus seems to be consuming everyone's attention, you still have to get your message out - but do so in a sensitive, thoughtful way. How should an entrepreneur plan his marketing at the time when many of our customers are deeply worried for themselves and their loved ones? Try to bring ECG pattern in your marketing - Engage, Communicate and Guide.

Early adaptive of new opportunities: In Today's scenario, the entrepreneur who can foresee the changes that may affect his business due to COVID 19 and early adapt to those changes has the highest chances of quick recovery:

i) Case study 1: With the fine line between work and home disappearing, companies including Myntra, Lifestyle and Peter England are showcasing a mix of formal and casual workwear online, as a new work-from-home style statement.

ii) Case study 2: Big Offline retailers moving to Online: Launching of BigBazaar.com within ten days. “Yes, it looks on current thinking that customers are going to adapt to shopping omnichannel,” a Big Bazaar spokesperson said.

iii) Case Study 3: Pomchies, an American Co designed cloth accessories, before COVID 19 but, they quickly switched from making accessories to face masks. Later the Centres for Disease Control, recommended wearing mask and they had a warehouse full of stylish face masks ready for delivery and hence they were flooded with orders. These companies saw the new change coming and early adapted to the same.

There are many things which can be suggested to clients to plan their business and manage the crisis. It may vary business to business. Best judgement will prevail upon strategy because there are many ways to manage the crisis.



मन की आंखेCA Deepak Nandwana

इस सदी के दरवाजे से उस सदी को देखता �ँ,

अपनी इन �िणक आँखो ंसे दो सिदयाँ देखता �ँ |

व� तो हर सदी म� एक सा

िफर ना जाने व� के िकस फक� को इन आँखो ंसे देखता �ँ |

आँखो ंका �ा ये सब कुछ देख�

अपना देख� पराया देख� |

इस दिनयाँ का उस दिनयाँ तक सब कुछ देख� |ु ु

अ�ा होता इन आँखो ंसे अंतरमन देख पाता,

�ा देखंू �ा �ागंू तब शायद कुछ जान पाता |

आँखो ंने कब भेद िकया है,

जो देखा बयां िकया है,

िकतना स�ा िकतना झठाू

ये सब तुझ पर छोड़ िदया है |

इन आँखो ंने सब बोल िदया है,

सब कुछ मन पर छोड़ िदया है |

धरती देखे अ�र देखे,

मन भाव भरे ये कण कण देखे |

�ाणी देखे मूत� देखे,

�ान भाव सब दप�ण देखे।

दश�न भेद अभेद जो जाने,

रोशन मन कब आंखो की माने।

देख सके जो मन से मन को

हर �ितमा को प�रपूण� ही माने।



िपता :- क�ादान नही ंक�ंगा जाओ ,

म� नही ंमानता इसे ,

�ोिंक मेरी बेटी कोई चीज़ नही ं,िजसको दान म� दे दँ ;ू

म� बांधता �ँ बेटी तु�� एक पिव� बंधन म� ,

पित के साथ िमलकर िनभाना तुम ,

म� तु�� अलिवदा नही ंकह रहा ,

आज से तु�ारे दो घर ,जब जी चाहे आना तुम ,

जहाँ जा रही हो ,खूब �ार बरसाना तुम ,

सब को अपना बनाना तुम ,पर कभी भी

न मर मर के जीना ,न जी जी के मरना तुम ,

तुम अ�पूणा� , श�� , रित सब तुम ,

िज़ंदगी को भरपूर जीना तुम ,

न तुम बेचारी , न अबला ,

खुद को असहाय कभी न समझना तुम ,

म� दान नही ंकर रहा तु�� ,

मोह�त के एक और बंधन म� बाँध रहा �ँ ,

उसे बखूबी िनभाना तुम .................

*एक नयी सोच एक नयी पहल*सभी बेिटयां के िलए

बोये जाते ह� बेटे..पर उग जाती ह�...

बेिटयाँ..

CA Yogeshwari Joshi

क�ादान



खाद पानी बेटो ंको..पर लहराती ह� बेिटयां.

�ूल जाते ह� बेटे..पर पढ़ जाती ह�

बेिटयां..

मेहनत करते ह� बेटे..पर अ�ल आती ह�


�लाते ह� जब खूब बेटे.तब हंसाती ह� बेिटयां.

नाम कर� न कर� बेटे..पर नाम कमाती ह�


जब दद� देते ह� बेटे...तब मरहम लगाती

ह� बेिटयां..

छोड़ जाते ह� जब बेटे..तो काम आती ह�


आशा रहती है बेटो ंसे...पर पूण� करती ह�


हजारो ंफरमाइश से

भरे ह� बेटे....

पर समय की नज़ाकत

को समझती बेिटयां..

बेटी को चांद जैसा

मत बनाओ िक हर

कोई घूर घूर कर देखे..लेिकन

बेटी को सूरज जैसा

बनाओ तािक घूरने से

पहले सब की नजर झक जाये..ु



गाँव रा गवाड़ छटया, लारे रह गया खेत ्ु ुधोरा माथे झीणी झीणी उड़ती बाळ रेत ं ू उड़ती बाळ रेत , नीम री छाया छटी ू ूफोफिलया रो साग, छटयो बाजरी री रोटी ्ू

अषाढ़ा रे महीने म� जद,खेत बावण जाता हळ चलाता,िबज िबजता कादा रोटी खातां कादा रोटी खाता,भादवे म� काढता'नीनाण'ं

खेत मायला झपड़ा म�,सोता खटी ताण ूंुगरज गरज मेह बरसतो,खब नाचता मोर ूखेजड़ी , रा खोखा खाता,बोरडी रा बोर

बोरडी रा बोर ,खावता काकिड़या मतीरा ं�ादा म� रोज जीमता, देसी घी रा सीरा ं

आसोजा म� बाजरी रा,िस�ा भी पक जातांकाती रे महीने म� सगळा,मोठ उपाड़न जाता

मोठ उपाड़न जाता, सागे तोड़ता गवार ुसद� गम� सहकर के भी, सखी हा प�रवारु

गाँव के हर एक घर म�, गाय भ�स रो धीणोघी दध घर का िमलता, वो हो असली जीणोू वो हो असली जीणो,कदे नी पड़ता बीमारगाँव म� ही छोड़आया िज़�दगी जीणे रो सार

िसयाळे म� धई तपता, करता खब हताईूं ूआपस म� िमलजल रहता सगळा भाई भाई ुकाई करा गाँव क�,आज भी याद सतावे ंएक बार समय बीत �यो,पाछो नह� आवे

"गाँव री याद”CA Yogeshwari Joshi




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