yes...my circuit is working . i can transfer 2500bps by ir and thanks to audio guru and waferstar because the pinpointed the right problem when i used the bypass capacitor circuit start working.......now let me explain my circuit then i will ask anpther question .
i genrated 38khz ouput from 555 timer and gave this output to one i/p oin of 'AND ' gate and to second input pin i gave serial data then the output was given to base of transistor which drives the IR led connected in its collector leg. and on receiver side there is simple IR receiver module....the +5v supply to transistor ,reciver and "AND" gate is coming from the same point.NOw this circuit works when there is by pass capacitor in reciver why this is so????is my transistor genrating hamonics in supply line or something else???plz tell me ...i am looking forward to audioguru and waferstar for the answer because without this my project will not be complete