Board Thread:Episode Discussions/@comment-26005711-20150730124954/@comment-1512913-20150731185406

Madara didn't have Indra's chakra as an incarnate anymore neither Asura's. He still had Hagoromo's chakra though in the Rinnegan, but only there, hence Hagoromo's statement: "he ain't Indra incarnate anymore, he is trying to get my power and my mother's too" by trying he was referring to Madara getting back the second Rinnegan eye.