Yes. Income from a property situated in India must be reported in India by filing a return and relevant tax must be paid on it.
To calculate your tax, you must calculate the “income under the head house property”. Sum up your annual rental income.
You may do this calculation for both the farmhouses separately. From this rental income, reduce municipal tax already paid by you.
You will arrive at your net annual rental income. You are allowed a 30% deduction towards any repairs, maintenance costs that you may have incurred.
Now, sum up both the rental incomes after the allowed 30% standard deduction and report this number in your tax return.
You can claim deduction allowed under Section 80C to save tax.