Clarification on Gift tax

Hi Mr Sreekanth reddy , I am serving Offr I had query on gift. In past I helped my sister financially in many ways. Now they are well settled as part of good will gesture and brother sentiments my sister want to gift approx amount of 30L. My query is (i) do I need to pay tax for this amount (ii) Do I need to utilise this amount to buy immovable property only or (iii) Can I deposit/save this amount for F.D. or bonds or shares. I read article reg gift tax but still my illustration not cleared. Regards