Clarification on section 269ss of income tax act, 1961

 have one query regarding Section 269SS of Income Tax Act, 1961.

One of the provision of 269SS states that 

"Provided further that the provisions of this section shall not apply to any loan or deposit where the person from whom the loan or deposit is taken or accepted and the person by whom the loan or deposit is taken or accepted are both having agricultural income and neither of them has any income chargeable to tax under this Act"

Does it mean assessee should not have income under any other head e.g income u/h PGBP and House Property? Or It means assessee income should not cross the taxable limit to Rs. 2,00,000/- ? Or Something else ?