Abstract
The paper attempts to answer a very obstinate fundamental problem—is literary meaning determinable at all? Would it be determinable if it were constructed by the language of the text? Or is this meaning open-ended, constantly deferred or shifted as a result of the very nature of signification? In this paper, I argue that the levels of _dhvani-ṣ Avivakṣitavācya dhvani _ and_ Vivakṣitavācya dhvani_ and their sub-levels are far more comprehensive than the concept of ‘_differance_’, both based on the play of meanings. Ānandvardhana seems to anticipate Derrida in postulating the infinite suggested meaning over and above the expressed literal meaning in the levels of _dhvani_, though the admission of any definite literal meaning itself goes against the deconstructive approach of ‘_differance_’. The paper also deals with the analysing a few literary works with the levels of _dhvani_ and also how meaning of a text is revealed to the _sahrdaya_ (reader).