Official Income Tax Department data for Assessment Year 2023-24 shows that total LTCG reported by taxpayers stood at Rs 8.58 lakh crore, spread across nearly 8 crore returns. Yet this enormous figure is highly concentrated at the top. Taxpayers earning below Rs 10 lakh a year contributed less than 5% of total LTCG, or about Rs 39,870 crore, despite forming a large base of investors.