what is the turnover for audit u/s44AB

MALLIKARJUN (CA Final Student) (73 Points)

28 September 2008  

 Actually client is running commission business (not trading). The firm has no purchases. It has sales ,but it "sells the goods on behalf of the farmers"  and they collect commission on the sales value of farmers (agri produces).

what is the turnover here (commission OR sales with out purchases)?