It basically indicates that I need to have VS2010 SP1 installed.

Inside yourCD of SQL Server 2012
you can go to this path\redist\VisualStudioShell.
And you most install this fileVS10sp1-KB983509.msp.
After several minutes your problem fix.
Restart your computer and then fireSetUpofSQL Server 2012.
See this picture.

Secound :

But if you want download onlineService Pack 1viewThis Link
And press download.
After download run this exe file and let it download and fix your VS2010 to VS2010 SP1.
And then restart your windows.
After this operation you can installSQL Server 2012

Conclusion

Choose any oneto resolvedthis issue during sql server installation time.