Payment in cash in excess of rs 20,000/-

Section 40A (3) is applicable to section 30-37, Hence depreciation shall not  be allowed if it is cash purchase of fixed asset.

Thanks for the clarifications

yes it is allowed because as u have incurred expenditure of capital nature and u r eligible to debit the depreciation in P&L a/c and the same will be allowed to u..but it is prefreble that FA should not be purchased from cash.