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<h1>Companies Must Submit Form 10-IB Electronically for Section 115BA(4) Tax Option Starting Assessment Year 2017</h1> The statutory provision outlines the procedure for domestic companies to exercise the option under sub-section (4) of section 115BA of the Income Tax Act for any previous year relevant to the assessment year starting on or after April 1, 2017. Companies must submit Form No. 10-IB electronically, using either a digital signature or an electronic verification code. The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) is responsible for specifying the filing procedure, data standards, and security measures for the electronic submission and verification of the form.