NEW DELHI, Oct. 31 -- THE government is not considering any gold amnesty scheme as part of efforts to unearth unaccounted wealth stashed in the form of yellow metal, official sources said on Thursday.
The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding without risk of being prosecuted.
There is no such gold amnesty scheme under consideration of Income Tax Department as being reported in media, the sources said.
As the budget process is on, typically these type of speculative reports do appear ahead of budget process, they said.
Reports indicated that scheme would try to overcome limited success of an earlier...