My father-in-law holds our company shares. If their value hasn’t increased since he got them, can he transfer them to me, his daughter-in-law, without paying taxes? Would this be considered inheritance or a gift?

Under Indian law, the transfer of shares by your father-in-law to you would likely be considered a gift. While there’s no capital gains tax on inherited assets, a gift would be taxable in the hands of the recipient if the value exceeds the gift tax exemption limit. However, the actual tax implication depends on the specific circumstances and the value of the shares. It’s best to consult a tax advisor for personalized guidance.