There is provided an active energy curable composition which is suitable as an ink composition for multicoat printing such as multi-color coating. The active energy curable ink composition for multicoat printing comprises (A) a urethane compound comprising a reaction product of a polyol component with a polyisocyanate component having no aromatic ring structure, (B) a resin having an acid value of 5 to 100 mgKOH/g and (C) a reactive diluent having radically polymerizable double bond, in which at least one of the compound (A) and the resin (B) has a radically polymerizable double bond, and only a compound having 1 to 3 radically polymerizable double bonds and having a surface tension of not more than 39 mN/m (at 20.degree. C.) is used as the reactive diluent (C).