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No, they do not.

"Its" - Is considered a personal pronoun that is showing possession to something. (i.e. Please take that tray and put it back in its place.)

"It's" - Is considered a contraction of it is. (i.e. It's raining outside)

The best way to determine which one to use is trying to break up the contraction and see if it fits if you're not really sure how to identity pronouns "Please take that try and put it back in it is place" doesn't sound correct when said out loud. =)

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8y ago
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Q: Do It's and Its have similar meanings?
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