The Indian Independence Act 1947, passed by the British Parliament, ended British rule in India and led to the creation of two independent dominions-India and Pakistan on August 15, 1947, marking a historic transition to sovereignty.

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• Indian Independence Act 1947 ended British authority in India.
• Divided British India into two dominions: India and Pakistan.
• Based on Mountbatten Plan proposed by Lord Mountbatten.
• Act passed in July 1947 and implemented on August 15, 1947.
• Ended British sovereignty and transferred powers to new governments.
• Office of Viceroy abolished and replaced by Governor-General.
• Constituent Assemblies empowered to frame their own constitutions.
• Princely states given option to join India, Pakistan or remain independent.
• Boundary demarcation done by Radcliffe Commission leading to partition.
• Marked culmination of long freedom struggle and birth of modern nations.