When to use Capital Gains Account Scheme to save income tax if you made long-term capital gains after selling land, property, equities, etc.?

Capital gains: Both Indian residents and NRIs can use Capital Gains Account Scheme (CGAS) to save paying capital gains tax on long-term capital gains (LTCG) on sale of land, property, equities, etc. Non-Resident Indians can use a Non-Resident Capital Gains Account Scheme (NRCGAS) to save long term capital gains (LTCG). Read below to know how NRIs and Indians can save capital gains tax through CGAS.