No, Please refer Second Proviso to section 43 of Income Tax Act,1961... If payment is made by cash mode then it will not be considered for capitalisation...
Purchase of fixed asset is generally guided by Accounting Standard 10. The guidelines are specifically stated there. All expenses incidental to accquisition of such fixed asset are to be capitalised till the asset is first put to use. Income tax act has specific guidelines. Refer Sec 40 a (3) has some limitation. Either the amount should not be more than 20000. But , if more than 20000 should be made in account payee cheque.
agar aap ek din mein 10000 rupaye se jyada Pay karte Hain to aap use amount per depreciation charge nahin kar sakte per aap chahe to in multiple days you can pay more than 10000.
it is interpreted from the law. you can check the bare act of income tax for more clarification.