Step 1: Scope of Article 300A.
Article 300A protects the right to property as a constitutional right and uses the term “property” in a broad and comprehensive sense.
Step 2: Inclusion of tangible property.
The term clearly includes tangible immovable property such as land and buildings. Hence, statement (i) is true.
Step 3: Inclusion of intangible property.
Judicial interpretation has consistently held that “property” under Article 300A also includes intangible property such as copyrights, patents, and other intellectual property rights. Therefore, statement (ii) is also true.
Step 4: Conclusion.
Both statements are correct. Hence, option (C) is the correct answer.