Kaundabhatta’s Vaiyakarana-bhusana is a massive work on semantic theory written in India in the 17th century. Kaundabhatta belonged to the tradition of Sanskrit grammar and in this work he consolidated the philosophy of language developed in the Paninian tradition of Sanskrit grammar. Kaunabhatta’s work takes account of the philosophical debate which occurred in classical and medieval India among the philosophers and grammarians from about 500 BC to the 17th century AD. Kaundabhatta’s work primarily represents this debate between the traditions of Sanskrit grammar, Mimamsa and Nyaya-Vaisesika. It discusses ontological, epistemological and exegetical issues concerning the notion of meaning as it related to the various components of language. This work is an annotated translation of the Namartha-nirnaya section of Kaundabhatta’s Vaiyakarana-bhusana , with an extensive introduction.