The article considers the theoretical and practical consequences of the so-called "soft" version of epistemological realism in Bimal K. Matilal's philosophical project. The author offers an analytical view on Matilal's philosophy, which helps to understand it in a broader prospective, comparing his arguments on perception and objectivity with contemporary arguments in Western analytical philosophy; in fact, it is possible to view Matilal not only as the proponent of revised Nyāya-Vaiśeṣika approach, but also as the follower of realistic view on language, following L. Wittgenstein, W. Quine, H. Putnam and M. Dummett. Despite the fact that such interpretation may sound diverse or multivocal, it nevertheless helps to better understand both lineages of argumentation: the critical review of the impossibility of private language can be compared in both Western and Indian philosophical discourses, which leads into the domain of social epistemology. The second part of the article discusses the ethical arguments on the vulnerability of moral virtues, and the place of Dharma as a term in moral philosophy. Poetical and metaphorical language appears to be a fruitful strategy to discover the ineffable — and also via negativa and catuṣkoṭi — which is shown by Matilal on the example of the unacceptability of lying. The ethical ineffability and its interconnection with Matilal's commentaries on practical wisdom play the crucial part in the interpretations of Dharmaśāstra texts. © Bilimoria P., 2021.