Right of taking or running water from a river, under the Indian Registration Act, 1908 is

Under the Indian Registration Act, 1908, the right of taking or running water from a river is categorized as movable property for the purpose of registration. Movable property refers to assets or rights that are not attached to a specific immovable location and can be easily transferred.

While a right to take water from a river is connected to a specific geographical location, it is considered movable property due to its inherent nature and the ease with which it can be transferred from one person to another. This categorization is essential for the proper registration of such rights and their transfer.

Option A: An immovable property is not accurate because the right to take water from a river is not classified as immovable property under the Indian Registration Act.

Option B: A lease is not the correct classification for the right to take water from a river. Leases typically involve granting the use of immovable property for a specified period.

Option D: Either (B) or (C) is not accurate because the right to take water from a river falls under the category of movable property, as explained above.

Given the options provided, the correct answer is Option C: Movable property.