Whether long term capital gain from the sale of equity shares exempt? myITreturn Helpdesk Updated May 20, 2016 11:31 Follow Yes, LTCG from sale of equity shares is fully exempt. Sale of equity shares, capital gain, Tax filing Clarified that LTCG from sale of equity shares is not taxable. Have you filed your Income-tax return yet? Click here to start now. Related articles Can exemption u/s 54F exceed the amount of long term capital gain? Comments 0 comments Please sign in to leave a comment.