UP govt waives off the stamp duty to boost start ups

Lucknow: As per the information given by an official, Uttar Pradesh government has waived off the stamp duty on land purchased for building offices or built-up offices so as to boost the start ups especially focusing in the information technology sector.

This has been done under the IT and Start-Up Policy-2016 rolled out by the Akhikesh Yadav government.

Read:- French tourists assaulted in UP, eight arrested

However, the government has put a rider that these units getting exemptions must commence their operations within the next three years.

Read:- Road accidents in Uttar Pradesh take life of 15