Which of the following statements is/are correct regarding Double Taxation Avoidance Agreement (DTAA)? 1. Its key objective is that tax-payers in these countries can avoid being taxed twice for the same income. 2. A DTAA applies in cases where a tax- payer resides in one country and earns income in another. 3. India has DTAAs with more than 80 countries.

- DTAAs are bilateral agreements between two countries that aim to prevent taxpayers from being taxed twice on the same income, once in their country of residence and once in the country where the income is earned. This is the primary objective. - A DTAA is relevant when a person or entity residing in one country earns income from or has assets in another country. The agreement provides rules for allocating taxing rights between the two countries. - India has a wide network of DTAAs with many countries across the globe. The number of countries with which India has signed DTAAs is over 90 as of recent data, making the statement "more than 80 countries" factually correct.