it's

it's [ıts]

1.) the short form of 'it is'

▪ It's raining.

2.) a short form of 'it has'

▪ It's been cloudy all day.

▬▬▬▬▬▬▬

HINT sense 2

Do not confuse it's and its. Its (without an apostrophe) is a possessive form like my, his, their etc.

▬▬▬▬▬▬▬