Preheat oven to 200degrees F (175 degrees C). Grease and flour a 9 inch round pan. combine flour & baking pwdr in a bowl. cream butter and sugar until combined, add eggs one at a time followed by a little of the flour and mix well before adding remaining flour and vanilla extract.
If your mix is a little thick add up to 40ml milk - adding a tablespoon at a time and stopping when you get to a consistency that you're happy with.
Divide batter evenly among 7 small bowls equally. add the 7 colors to each bowl. mix well.
pour batter from 1 bowl in greased cake tin & bake for 10-12 mints or until done.chk with a skewer. if it comes out clean ur cake is done. remove the cake on a wire rack & cool completely. repeat the procedure with all other 6 layers.
for the icing : combine cream cheese,icing sugar, vanilla essence & milk in a bowl & beat with a electric beater for few mints until soft peaks r formed. chill icing for atleast 15 mints.
now place a layer of cake on a cakestand or serving plate. spread out the icing evenly & cover with another layer of cake.
repeat the process until all layers of cake r used.
complete the cake by spreading the icingevenly all over the cake.
decorate with sprinkles
slice & serve