Income tax on foreign(uk) income

Yes Foreign Income Is Taxable In The Indian Resident Assessee You Have To Pay Tax On This And Whatever Tax You Have Paid In UK Can Calim Relife From Income Tax Liability On Avreage Tax Rate Basis

Thanks Mehul,

But according to DTAA between UK and India can I still claim my personal tax allowance of the UK? 

Thats very clear now.

What is step 3 , I mean average rate of tax?

Yes Average Rate Of Tax Means Total Tax / Total Income

Thanks again.

Just one more query is a Limited company in UK considered as foreign asset for a director resident in India according to new income tax laws. I mean even if they don't have any permanent establishment in India. My knowledge is only foreign accounts and foreign immovable house property is only considered as Assets. Please clarify if you know about this...