Which government has the power to legislate on 'Inheritance of property' in India?
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Most of these laws discouraged passing on property, agricultural or otherwise, to women for fear of fragmentation of land holding or losing it once the woman got married. “The basic framework for inheritance differs on the basis of religion in India and not on the basis of the nature of asset. While Hindu families and other identified religions have their own inheritance laws, inheritance rights of the remaining groups are governed by the Indian Succession Act, 1925,” says Soumya Rajan, MD & CEO, Waterfield Advisors.
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Central government has the power to legislate on 'Inheritance of property' in India .
Explanation:
- Most of these laws discouraged women from passing on property, whether agricultural or otherwise, for fear of separation or loss of land ownership once the woman was married. "The basic inheritance framework differs in India on the foundation of religion and not on the premises of asset nature
- Although Hindu families and other specified sects have their own inheritance laws, the Indian Succession Act, 1925 regulates the inheritance rights of the remaining classes, "says Soumya Rajan, MD and CEO of Waterfield Advisors.
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