India home loan tax exemption

You would be able to only claim the mortgage interest portion of the EMI and only if you are itemizing your deductions on your tax return, using Schedule A. You will enter this in TurboTax under "Deductions & Credits" "Your Home" and then "Mortgage Interest"

A taxpayer filing a US tax return can claim mortgage interest and property taxes as itemized deductions on their first or second home, regardless of the country in which that home is located. The EMI amount includes principal and interest. You would only be able to claim the interest (and property tax if it was applicable). 

US Code Title 26 (i.e., the federal tax laws of the United States) allows mortgage interest and property tax deductions for overseas homes of US taxpayers.
 

Your loan must be an acquisition loan (one to purchase the home), and it must be secured by the home.