Rent definition for tax withholding: includes payments for use of land, buildings, plant, machinery, and furniture. Meaning of Rent for withholding tax: under section 194-I, Rent includes any sum paid for use of land, buildings, plant, machinery, equipment, furniture or fittings under a lease, sub lease, tenancy or any other arrangement; under section 194-IB, Rent means any sum paid or payable for the use of land or buildings or both under a lease, sub lease, tenancy or any other arrangement.