Who charge Depreciation?

Depreciation is allowable only to the owner of the asset. In case of co-ownership, depreciation is allowable in ratio of their ownership. This means, tax depreciation can be claimed by your owner if he purchased it from his account. No transfer the company money to his account and the company is entitled for depreciation.

My opinion above was the same and legal documentation can be used to transfer the asset into company name by transferring money from company account to directors account. 

Tax depreciation cannot be strictly claimed. @ Abhishek Kumar . Next, transfer of property will take place within  one year or else, the company can never claim depreciation 

Can used machinery purchased? Is there any tax law that new machinery is carried and not second hand? If not, simple transfer of ownership will be sufficient. 

Txs. Company can acquire the asset at lower of cost or fvlcd. RTA India can transfer registration to company name. Nrv is going to win because no value for seconds even after a months usage. The company can include this as an opportunity cost embedded into product price

I meant more depreciation can be claimed at cost