Tds

As it is a Private finance company you need to deduct TDS u/s 194 A @ 10% if the payment of interest in a Year exceeds Rs.5000/- .

Yes...go ahead and deduct tax @ 10% as per Sec 194A

But these financial companies take no deduction certificate or lower deduction certificate from Income tax deparment. U can ask from these companies and deduct TDS accordingly. and pl insure whether the deductor is liable for deducting TDS or not

YES, TDS IS TO BE DEDUCTED U/S 194A... @ 10%  

IF AMOUNT IS EXCEEDING RS 5000.00

yes. u/s 194A

If the amount exceeds Rs.5,000/- then TDS   @   10% must be deducted u/s 194A