Welcome pradyut.pal to Linux Lite - LL is a great operating system and I'm sure you'll enjoy the journey with this distro, and the ever friendly & very supportive LL forum community here
I have installed Microsoft Office on LL - you need to use
Play On Linux which is a software package you can install from
Lite Software (within System directory) or from
Install Software (under Favourites) under
Menu. When I installed Microsoft Office 2007 on LL, I used this weblink and it worked well:
http://www.makeuseof.com/tag/easily-inst...007-linux/
Play-on-Linux will, by default, display the Microsoft Word, Excel, etc, icons as desktop shortcuts.
Normally we use LibreOffice on our laptops here at home, and usually there isn't a problem with compatibility with reading Microsoft Office documents with LibreOffice, and vice versa. However, sometimes my son found that when he downloaded tabulated data for his school homework, from Microsoft Word into LibreOffice Writer, the tables were sometimes not centred properly on the page. Now and then, there can be a similar issue with Powerpoint and LibreOffice Impress, though in general the compatibility with presentation slides seems to be fine.
I hope this helps a bit, have a good day, and welcome again ...
Mike