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 Whether interest paid shall be treated as cost of acquisition? Whether precious stones can be treated as capital assets? What is Securities Transaction Tax (STT)? What is the limit of 80 CCD deduction? What is an Assessment Year? Comments 0 comments Please sign in to leave a comment.