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<h1>Domestic companies can opt under section 115BAA by filing Form 10-IC electronically for assessment year 2020 onward.</h1> Domestic companies can exercise the option under sub-section (5) of section 115BAA for any previous year relevant to the assessment year starting on or after April 1, 2020, by submitting Form No. 10-IC. This form must be filed electronically, either with a digital signature or an electronic verification code. The Principal Director General or Director General of Income-tax (Systems) will determine the filing procedure, establish data standards, and ensure security and archival policies for the form. This rule was introduced by Notification No. 10/2020, effective from April 1, 2020.