atha baddhasya muktasya
vailaksanyam vadami te
Thus, My dear Uddhava, in the same material body we find opposing characteristics, such as great happiness and misery. That is because both the Supreme Personality of Godhead, who is eternally liberated, as well as the conditioned soul are within the body. I shall now speak to you about their different characteristics.
In verse 36 of the previous chapter, Uddhava inquired about the different symptoms of liberated and conditioned life. Srila Sridhara Svami explains that the characteristics of bondage and liberation may be understood in two divisions — as the difference between the ordinary conditioned soul and the eternally liberated Personality of Godhead, or as the difference between conditioned and liberated living entities in the jiva category. The Lord will first explain the difference between the ordinary living entity and the Supreme Personality of Godhead, which may be understood as the difference between the controlled and the controller.