As per section 9(1)(i) of the Income-tax Act, 1961, all income accruing or arising, whether directly or indirectly, through or from any business connection in India, or through or from any property in India, or through or from any asset or source of income in India or through the transfer of a capital asset situate in India, subject to proviso, are income deemed to accrue or arise in India. Hence, it is taxable in India.
Also, it is worthwhile to keep the provisions of the DTAA with UK.
*****This Opinion is based on stated facts and the legal position as on date. The views expressed may not be relevant where there is any change in facts or law. This Opinion is not in the nature of an assurance that an alternative view or interpretation cannot emerge.